Setting up and running a charity – guidance

Conflicts of interest: a guide for charity trustees (CC29)

Find out the legal and regulatory requirements relating to conflicts of interest and how trustees can identify and manage them.

Documents

Conflicts of interest: a guide for charity trustees

Addressing a conflict of interest: checklist

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Case study: Conflicts of interest

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Legal underpinning

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Gwrthdaro buddiannau: canllaw i ymddiriedolwyr elusen

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Rhoi sylw i wrthdaro buddiannau: rhestr gyfeirio

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Astudiaeth achos: gwrthdaro buddiannau

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Y sail gyfreithiol

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Detail

Trustees have a duty to act in the best interest of their charity. If there’s a decision to be made where a trustee has a personal or other interest, this is a conflict of interest.

In order to comply with their duty and avoid risking their charity’s reputation, trustees should follow the 3 step approach:

  • identify a conflict of interest
  • deal with a conflict of interest
  • record a conflict of interest

This guidance explains how charity trustees can deal with conflicts of interest and prevent them from happening.