The Incorporated Societies Act 2022, requires all organisations to have a conflict of interest policy. There is however no need to wait until the constitution has been re-registration. Starting now is a great idea - it’s a quick win - one aspect of the requirements out of the way. Besides, it makes good business sense as it’s basically risk management in action.

Here is a generic “three pager” entitled “Conflict of Interest policy”complete with an explanatory text, a draft policy and a conflict of interest register for recording the board member’s potential conflicts.

Is it any good? Only time will tell.

For more “help yourself articles” on re-registering click on the UpdatingConstitution tag.

A sneak preview
“Getting to grips with not-for-profit governance”. Chapter “2. On becoming a director” excerpt is yours to download - no forms to complete.