JTATA Conflict of Interest Policy

ARTICLE  Ill   Procedures

1. Duty  to  Disclose:    In  connec8on  with  any  actual  or  possible  conflict  of  interest,  an   interested  person must  disclose  the  existence  of  the  financial  interest  and  be  given  the   opportunity  to  disclose  all material  facts  to  the  directors  and members  of  commiJees   with  governing  board  delegated  powers  considering  the  proposed  transac8on  or   arrangement.   2. Determining Whether  a  Conflict  of  Interest  Exists:    AMer  disclosure  of  the  financial   interest  and  all material  facts,  and  aMer  any  discussion with  the  interested  person,  he/ she  shall  leave  the  governing  board  or  commiJee mee8ng while  the  determina8on  of  a   conflict  of  interest  is  discussed  and  voted  upon.  The  remaining  board  or  commiJee   members  shall decide  if a  conflict of  interest exists.   a. An  interested  person  may  make  a  presenta8on  at  the  governing  board  or   commiJee mee8ng,  but  aMer  the  presenta8on,  he/she  shall  leave  the mee8ng   during  the  discussion  of,  and  the  vote  on,  the  transac8on  or  arrangement   involving  the possible  conflict of  interest.   b. The  chairperson  of  the  governing  board  or  commiJee  shall,  if  appropriate,   appoint  a  disinterested  person  or  commiJee  to  inves8gate  alterna8ves  to  the   proposed  transac8on or arrangement.   c. AMer exercising due diligence,  the  governing board or  commiJee  shall determine   whether  the  Organiza8on  can  obtain  with  reasonable  efforts  a  more   advantageous  transac8on or arrangement  from a person or en8ty  that would not   give  rise  to a  conflict of  interest.   d. If  a more  advantageous  transac8on  or  arrangement  is  not  reasonably  possible   under  circumstances  not  producing  a  conflict  of  interest,  the  governing  board  or   commiJee  shall  determine  by  a  majority  vote  of  the  disinterested  directors   whether  the  transac8on or  arrangement  is  in  the Organiza8on's best  interest,  for   its  own  benefit,  and  whether  it  is  fair  and  reasonable.  In  conformity  with  the   above  determina8on  it  shall make  its  decision  as  to whether  to  enter  into  the   transac8on or arrangement.   4. Viola8ons of  the Conflicts of  Interest Policy:   a. If  the  governing  board  or  commiJee  has  reasonable  cause  to  believe  a member   has  failed  to  disclose  actual  or  possible  conflicts  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.   b. If,  aMer hearing  the member's  response  and  aMer making  further  inves8ga8on  as   warranted  by  the  circumstances,  the  governing  board  or  commiJee  determines   the member has  failed  to disclose an actual or possible  conflict of  interest,  it  shall   take appropriate disciplinary and  correc8ve ac8on.   3. Procedures  for Addressing  the Conflict of  Interest:  

JOSHUA TREE ARTS & TECHNOLOGY ACADEMY — CONFLICT OF  INTEREST POLICY    

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