top of page

BioVision Innovations Conflict of Interest Policy


Effective Date: 01/01/2024

1. Purpose

This Conflict of Interest Policy is designed to help directors, officers, employees, and volunteers of BioVision Innovations identify situations that present potential conflicts of interest and to provide BioVision Innovations with a procedure to appropriately manage these conflicts in accordance with legal requirements and the goals of accountability and transparency in BioVision Innovations' operations.


2. Definitions

2.1 A "conflict of interest" occurs when an individual’s personal interests interfere or conflict with the interests of BioVision Innovations.


3. Procedures

3.1 Duty to Disclose: In connection with any actual or potential conflict of interest, an interested person must disclose the existence and nature of his or her financial interest to the directors and/or officers of BioVision Innovations.

3.2 Determining Whether a Conflict of Interest Exists: After disclosure, the board or designated committee will discuss and decide if a conflict of interest exists.


4. Records of Proceedings

4.1 The minutes of the board and/or committee meetings will record the disclosure of the conflict and the steps taken to manage and resolve it.


5. Compensation

5.1 A voting member of the board who receives compensation from BioVision Innovations for services is precluded from voting on matters pertaining to their compensation.


6. Annual Statements

6.1 Each director, officer, employee, and volunteer shall agree with a statement affirming they have received, read, and understood the policy and agree to comply with it.

7. Periodic Reviews

7.1 To ensure BioVision Innovations operates in a manner consistent with its nonprofit status and does not engage in activities that could jeopardize its tax-exempt status, reviews shall be conducted by the executive board.


8. Use of Outside Experts

8.1 In conducting the reviews as provided for in Article 7, BioVision Innovations may, but need not, use outside advisors.


9. Violations of the Conflict of Interest Policy

9.1 If the board or committee has reasonable cause to believe a member has failed to disclose an actual or possible conflict of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose.

bottom of page