The conflict of interest policy must address situations in which board members or employees have a direct or indirect interest, financial or otherwise, of any nature that is in substantial conflict with the proper discharge of their duty to the organization.

Source Note: The provisions of this §376.219 adopted to be effective October 28, 2002, 27 TexReg 10044; transferred effective October 1, 2003, as published in the Texas Register July 2, 2004, 29 TexReg 6359