Board member dating employee
In this situation, the insurance agent has directly profited from his relationship on the board.
Example #2: A board member serves on a board of directors for an organization that manufactures small kitchen appliances.
When a supervisor is dating a subordinate, other workers might claim that the subordinate received preferential treatment in job assignments or pay raises, says a partner with the labor and employment practice of Kirkpatrick & Lockhart Nicholson Graham.
Even if policies don't prohibit these relationships, this is a consideration that whoever is in the power position needs to consider seriously.
Every set of bylaws should include a conflict of interest policy.It would be extremely difficult for him to make unbiased decisions as a board member.An excellent example of a conflict of interest statement reads something like this: The authors whose names are listed immediately below certify that they have NO affiliations with or involvement in any organization or entity with any financial interest (such as honoraria; educational grants; participation in speakers’ bureaus; membership, employment, consultancies, stock ownership, or other equity interest; and expert testimony or patent-licensing arrangements), or non-financial interest (such as personal or professional relationships, affiliations, knowledge or beliefs) in the subject matter or materials discussed in this manuscript.But, when those co-workers are in a manager/subordinate relationship, the problems can be even more pronounced.In fact, some organizations have policies that prohibit these types of relationships.
The discussion should include how the board would manage the potential conflict so that they are better equipped to handle a conflict of interest when it actually occurs.