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Dictionary by pitch.dog
Boards, directors & committees · Working

Duty to avoid conflicts

Also called: conflicts duty

ELI5

A duty to identify, disclose and appropriately manage conflicts of interest.

Used in conversation

“Which committee has oversight of duty to avoid conflicts?”

Pitch context

You will see “Duty to avoid conflicts” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches boards, directors & committees.

Why it matters: In boards, directors & committees, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 3

Direct term-level sources and supporting source families.