01/19/2017

How to Manage Board-related Conflicts of Interests

Acknowledge conflicts of interest before they arise

President-elect Donald Trump and his cabinet nominees aren’t the only ones who face conflicts of interest; association boards experience them too. A governance expert talks about how to handle them the right way.

When the CEO of ExxonMobil, the world’s largest publicly traded oil and gas company, was nominated last month to head up foreign affairs for the United States, there were lots of questions regarding conflicts of interest, which were most recently demonstrated during his confirmation hearing last week.

But by stepping down as CEO, answering hard questions, shedding stock shares, and more, the hope is that Rex Tillerson, if confirmed, will be as free from conflict as possible and can act on behalf of the president and the American people as secretary of state.

Please click here to read the complete article from Associations Now.