Boards make decisions together . These decisions have to be trustworthy, beyond question whether their joint judgements are fair, equitable and transparent. A Conflict of Interest policy preserves that trust in the form of a written policy. It prevents personal interests of Board, Employees, and Independent Contractors from interfering with their duties to the organization. Its avoids any unethical financial, professional, or political gain on the part of such individuals. It supplements, not replaces, applicable federal, state, or local laws. This guide helps a board develop, revise and maintain a conflict of interest policy.