The members of the Steering Committee of the India Association of Charlotte have adopted this conflict-of-interest policy. The members of the committee and any surrogates working at their behest for any initiative driven by the India Association of Charlotte shall avoid conflicts of interest and any conduct that may suggest the appearance of impropriety in the disbursement of any IAC funds.
If a potential conflict of interest arises, the committee member or their surrogates working at their behest, must disclose the potential conflict to the entire committee. Further, they shall not vote on nor participate in the solicitation, negotiation, formation, award, arbitration, modification, or settlement of any contract or grant involving any IAC funds or any dispute arising under such contract or grant when the committee member or their surrogates stand to benefit, either directly or indirectly, from such contract or grant.
A Committee member or any surrogate is not deemed to benefit directly or indirectly from a contract or grant involving any IAC funds if he or she receives reimbursement for any approved expenses incurred in the normal course of working on any India Association of Charlotte initiatives. All committee members and implementation teams are informed of this policy on an annual basis.