Avoidance of conflicts of interest is rather like the fair administration of
justice; each not only must be done but must also be seen to be done.
I would not want to be governed ONLY by the IRS rules, which have a clear
and rather narrow objective in mind. If one has to wriggle his/her way along
a tortuous path through such rules, one is almost certainly in a conflict
situation, in the broader sense of the term.
Harry
"Those who play with cats must expect to get scratched"
- Cervantes, "Don Quixote"
Harry Needham, M.A., CFE, etc.
President
Harry Needham Consulting Services Inc.
Training & consulting services for heritage institutions - and others!
74 Abbeyhill Drive
Kanata, Ontario K2L 1H1
Canada
email: [log in to unmask]
(Voice) +1.613.831-1068
(Fax) +1.613.831-9412
----- Original Message -----
From: Barry Szczesny <[log in to unmask]>
To: <[log in to unmask]>
Sent: Tuesday, August 15, 2000 11:25 AM
Subject: Ethical Question; Conflicts of Interest; IRS Rules
> As a few folks on the list have pointed out, the IRS does have rules
> governing conflicts of interest. It should be of little surprise that the
> rules can be a bit complex, confusing, and even counterintuitive -- yes, a
> financial arrangement with a fourth cousin of a board member, given the
> circumstances, could possibly be a no-no (not a legal term of art). AAM
has
> guidance to help museums understand and navigate these rules that is
> available through its bookstore at www.aam-us.org. Here's the listing
from
> the AAM bookstore catalogue:
>
> CONFLICTS OF INTEREST: NEW IRS RULES FOR BOARDS, DIRECTORS AND EXECUTIVE
> OFFICERS
> Gardner, Carlton & Douglas/Independent Sector/Internal Revenue
Service/KPMG,
> U.S.
>
> New rules establish penalties--and procedures to avoid them--for improper
> salaries, compensation and other financial transactions between nonprofit
> organizations and the managers who control them. Conflicts of Interest
> groups three reports that offer an explanation of the new rules and how
they
> affect museums. Know the details of your responsibilities and liabilities.
> Required reading for trustees, board members, directors, financial
officers
> and other executives of every type of museum.
> -- PAPER 62PP. 1998 · NO ISBN · $ 15.00
> *******************
> Barry Szczesny
> AAM Government Affairs
> --not an official communication
>
> Barry G. Szczesny, Esq.
> Government Affairs Counsel and
> Assistant Director
> Government and Public Affairs
> American Association of Museums
> 1575 Eye Street, NW
> Suite 400
> Washington, DC 20005
>
> 202/289-9125 Phone
> 202/289-6578 Fax
> [log in to unmask] E-mail
> http://www.aam-us.org Website
>
> ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
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