New Conflict of Interest Policy

by admin on July 15, 2010

In the past, George Wythe University has encouraged its faculty, staff, and board members to develop personal companies related to statesmanship education. The reasoning has been two-fold. It allowed employees to supplement their incomes; and it allowed various associates of the school to promote GWU’s mission in their own particular way.

However, this blending of effort also created two challenges. First, George Wythe Foundation is a nonprofit corporation, while most individual businesses are not. The potential for conflicts of interest becomes difficult to avoid under these circumstances and may place a nonprofit’s standing in jeopardy. Secondly, while the purpose of the individual companies has been to support the larger nonprofit mission of the university, it may also appear, from an outsider’s point of view, that the reverse is true instead.  Avoiding not only actual conflicts but also the appearance of them is good business practice in the non-profit world. The Board of Trustees, therefore, has recently approved a comprehensive and transparent conflict of interest policy which may be viewed here.

Be Sociable, Share!

{ 2 comments… read them below or add one }

St Harris 07.15.10 at 3:55 pm

What about the TJED Prep by Demille’s. Our family has benefitted greatly from this…do you know what the status would be?

Gary Arnell 07.16.10 at 11:36 am

TJED and its activities are not managed by or associated with George Wythe University. As implied in the policy, board members with private businesses are required to run them independently and separately from GWU. If you are inquiring about other aspects of their business, you would need to contact them directly. If you have any further questions, feel free to contact me.

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>