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Article I. Duty of Good Faith and Loyalty.

Every co-op should have a conflict-of-interest policy as part of its bylaws or policy manual. It will provide direction and clarity for the board and members to avoid conflict of interest.

Co-operantics mission: To improve co-operative skills* in co-operatives. To promote and develop cooperative skills throughout all sectors of the economy and sections of society.

The purpose of the conflict of interest policy is to protect the interests of the Association of International Education Administrators (“Organization” or “AIEA”), a tax-exempt organization incorporated under the laws of the State of Missouri when it or its directors are contemplating entering into a transaction or arrangement that might benefit the private interest of a director, might result in a possible excess benefit transaction or might give rise to the appearance of impropriety. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest relevant to nonprofit and tax-exempt organizations.