1. Preamble

The Savior Youth Welfare Association is committed to its mission of uplifting children from systematically marginalized sections of Indian society by providing them with access to quality education. In pursuit of this mission, all individuals associated with The Savior Youth Welfare Association must act in the best interest of the organization and the children it serves. This Conflict of Interest Policy aims to maintain the integrity and transparency of The Savior Youth Welfare Association’s operations, ensure the avoidance of conflicts that could compromise the organization’s mission, and uphold the trust of our beneficiaries, stakeholders, and the public. At The Savior Youth Welfare Association, there exists a fiduciary duty between the organization and its management, employees, and volunteers. This duty entails a strong and unwavering commitment to loyalty. The management, employees, and volunteers of The Savior Youth Welfare Association have a responsibility to administer the organization’s affairs with honesty, prudence, and careful judgment. They must exercise their utmost care, skills, and expertise for the exclusive benefit of the organization and the transactions involved in their roles. It is strictly prohibited for them to utilize their positions within The Savior Youth Welfare Association or the knowledge they acquire for personal gain. The best interests of the organization must always take precedence. In terms of purchasing goods and services, The Savior Youth Welfare Association is committed to obtaining a full competitive advantage in terms of product, service, and price, ensuring that all acquisitions are made to benefit the organization as a whole.

2. Persons Covered

This Conflict of Interest Policy applies to all individuals involved in the activities of The Savior Youth Welfare Association, including but not limited to board members, officers, employees, volunteers, consultants, and any other individuals associated with the organization.

3. Statement of Policy

Without limiting the scope of this policy, all individuals associated with The Savior Youth Welfare Association shall adhere to the following guidelines:

3.1 Prohibition of Gifts and Benefits:

No covered person shall actively seek or accept any gift, gratuity, entertainment, travel, or any other item or service of significant value from any individual or organization that is conducting or seeking to conduct business with The Savior Youth Welfare Association.

3.2 Prohibition of Offering Gifts and Benefits:

Similarly, no covered person shall make or offer any gift, gratuity, entertainment, travel, or any other item or service of significant value to any individual or organization that is conducting business with The Savior Youth Welfare Association or with whom The Savior Youth Welfare Association intends to conduct business.

3.3 Exceptions for Reasonable and Customary Gifts:

Reasonable and customary gifts of promotional merchandise (such as calendars, pens, bags, etc.) or occasional meals (that are not excessively costly) shall not be considered items of significant value within the context of this policy.

4. Areas in Which Conflicts May Arise

Conflicts of interest may arise in various situations, including but not limited to:

4.1 Financial Interests:

When an individual, their family member, or any associated entity stands to benefit financially from a decision made by The Savior Youth Welfare Association.

4.2 Employment or Professional Engagements:

When an individual has a personal or professional connection with an organization or individual that may influence their decision-making in a manner contrary to the best interests of The Savior Youth Welfare Association.

4.3 Personal Relationships:

When an individual’s relationships with other individuals associated with The Savior Youth Welfare Association could compromise their ability to act impartially.

5. Disclosure and Procedure for Board Review

5.1 All individuals covered by this policy are required to disclose any potential or actual conflicts of interest in writing to the designated authority within The Savior Youth Welfare Association, such as the Board of Directors or a designated officer.

5.2 The disclosure should include all relevant details about the nature of the conflict, including but not limited to financial interests, relationships, or professional engagements that may give rise to a conflict.

5.3 The designated authority shall review the disclosed conflicts of interest on a case-by-case basis and determine the appropriate course of action in consultation with legal counsel, as needed.

5.4 The designated authority may require the individual to recuse themselves from decision-making processes or take any other necessary actions to mitigate or eliminate the conflict of interest.

5.5 The minutes of the board or committee meetings should reflect the disclosure of conflicts, the actions taken to address them, and the rationale behind such decisions.

5.6 The Savior Youth Welfare Association shall maintain strict confidentiality regarding all disclosures and related discussions, except as required by applicable law or regulation.

5.7 This policy shall be periodically reviewed and updated as necessary to ensure its continued effectiveness and relevance.

By adhering to this Conflict of Interest Policy, we reaffirm our commitment to the principles of transparency, accountability, and integrity in all our endeavors.