DCMS and the Charity Commission have jointly prepared guidance intended principally for members of the governing bodies of charitable museums, galleries and libraries including those sponsored by the Department.
The Guidance explains how trustees can identify and manage conflicts of interest which arise in their charities, and how they should deal with any transactions which involve a trustee benefit or are conducted between a trustee and the charity. It has been endorsed by the Museums, Libraries and Archives Council and approved by the Attorney General’s Office.
Chapters include:
- Direct and indirect financial gain or benefit to a trustee
- Conflicts of loyalty
- Special considerations if there is a transaction between the trustees and the charity
- Drawing up a conflicts of interest policy
- Accountability and transparency
- Selected further reading on conflicts of interest policies and trustee benefits
http://www.culture.gov.uk/Reference_library/Publications/archive_2008/charitable_mus_gal.htm