In this section, you will learn about Iguality's Conflict of Interest Policy, which ensures that board members, employed staff, and freelancers conduct themselves with integrity and transparency. The policy details how to identify, disclose, and manage conflicts of interest to maintain stakeholder trust and comply with legal and ethical standards.
Legal Context
Última actualización: 27 de abril de 2025 a las 08:14
This policy adheres to relevant legal frameworks to ensure that Iguality operates in full compliance with Spanish and Catalonian laws regarding conflicts of interest and the compensation of board members.
- Spanish Law on Associations (Law 1/2002): Under Spanish Law 1/2002, which governs non-profit associations, board members of nonprofits are prohibited from receiving remuneration unless specifically outlined in the statutes of the organisation. This ensures that board members are serving in their capacity out of a commitment to the organisation’s mission, not for financial gain (ICNL).
- Foundation Act 50/2002 (for Foundations): Although not directly applicable to all non-profits, this law mandates that at least 70% of a foundation's income must be used for its stated charitable purpose. This reinforces the expectation that board members should act in the best interests of the organisation, with strict rules to prevent the diversion of funds for personal gain (VISION_FACTORY).
- Catalonian Law on Non-Profit Organisations: Catalonian law also mandates transparency in the operation of non-profit organisations, requiring that conflicts of interest be disclosed and handled appropriately. Non-profits must ensure that their decision-making processes are transparent and that any conflicts are addressed to prevent any actions that could undermine the organisation’s integrity (ICNL).
Iguality adheres to these legal requirements by ensuring that board members do not receive compensation for their roles as directors unless stated explicitly in the organisation's statutes. In cases where board members are also employed by the organisation in another capacity, their roles as board members and employees are kept entirely separate to prevent any potential conflicts of interest. This policy aligns with the legal framework in Spain and Catalonia to maintain the highest standards of governance and accountability.
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In this section, you will learn about the core principles designed to prevent conflicts of interest at Iguality, ensuring that personal, financial, or other interests do not compromise the organization's integrity. By adhering to these guidelines, board members, staff, and freelancers maintain transparency and objectivity, safeguarding Iguality's reputation and aligning all actions with its mission
In this section, you will learn about the importance of disclosing any potential or actual conflicts of interest to maintain the integrity and transparency of Iguality. It outlines scenarios requiring disclosure, such as financial interests, personal and familial relationships, and professional relationships, ensuring impartial decision-making and protecting the organization and its stakeholders.
In this section, you will learn how to effectively manage conflicts of interest by evaluating disclosed conflicts, considering actions such as recusal or resignation, and ensuring ongoing adherence to ethical standards through periodic reviews. This process safeguards the integrity of decision-making and organizational outcomes by addressing potential risks and maintaining transparency.
In this section, you will learn about the importance of reporting conflicts of interest annually to the board and how these disclosures are recorded and managed. Additionally, the policy's annual review ensures adherence to legal standards and organizational best practices, with updates made as necessary.
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