HC-2.3.2
The Board must establish and disseminate to its members and management, policies and procedures for the identification, reporting, disclosure, prevention, or strict limitation of potential conflicts of interest. It is
a) Not enter into competition with the bank;
b) Not demand or accept substantial gifts from the bank for himself or connected persons ;
c) Not misuse the bank's assets;
d) Not use the conventional bank licensee's privileged information or take advantage of business opportunities to which the conventional bank licensee is entitled, for himself or his associates; and
e) Absent themselves from any discussions or decision-making that involves a subject where they are incapable of providing objective advice, or which involves a subject or (proposed) transaction where a conflict of interest exists.
Amended: January 2011
October 2010
October 2010