Conflict of Interest

WASHINGTON ART ASSOCIATION

Statement of Conflict of Interest and Confidentiality

Every officer, board member, employee, volunteer and committee member of the Washington Art Association (WAA) shall avoid any conflict, or the appearance of any conflict, between personal, professional, or business interests and the interests of the WAA. In addition, each such person shall hold in strict confidence all confidential information regarding WAA. Accordingly, once a year every board member, officer, employee, and committee member of WAA shall sign a conflict-of-interest statement and confidentiality agreement that will be kept on file, and update such statement whenever merited by changed factual circumstances.

If any officer, director, staff member, volunteer, committee chair or committee member has any direct or indirect interest in, or relationship to, or will derive any personal benefit or advantage from, any individual or organization which has entered or proposes to enter into a transaction with WAA, such person shall provide prompt written notice of such interest or relationship to the Board of Directors and shall refrain from participating in any discussion (except to explain the nature and extent of the conflict) or voting regarding that transaction and shall not otherwise attempt to exert any influence on WAA to affect the outcome of the decision-making process with respect to that transaction.

Adopted: January 19, 2010