Quote:
Posted By MikeS1 on 08/10/2007 6:06 AM
Recently, one of our Board Members received a substantial gift (over $100) from one of our current Vendors/contractors. How would you address this problem? Obviously, she must recuse herself from voting on any issues that involve this one vendor but probably needs some additional action. This does not put the Board in a very favorable light. "If common sense were common, we'd all have it!". What would you all do? What are your thoughts on this.
Mike:
seems to me there was a post similar to this recently. First and foremost you should have a policy that prohibits any member of the BOD from receiving any gifts, discounted services, etc. from any prospective vendor, and it should spell out penalties for doing so which in my mind should be automatic forfeiture of their seat.
To your issue, the president should not allow her to vote or speak on the issue, he should ask her to return the gift and should make note in the meeting minutes of this issue. If you don't have a policy, your BOD should draft one immediately and make it know that this type of behavior is not appropriate.