Definitions Associated With Conflicts of Interest Policy
Conflicts of Interest Defined
A Conflict of Interest is defined as an activity or relationship with another company or individual that would result in questionable ethics, would not be in the best interest of KS, would result in personal profit or advantage to a Trustee, Chief Executive Officer, or Executive.
Conflicts of Interest arise if a Trustee, Chief Executive Officer, or Executive enters relationships, takes action or establishes an economic interest for the Trustee's, Chief Executive Officer's, Executive's or another's personal gain which compromise the Trustee's, Chief Executive Officer, or Executive's ability to represent KS' best interest. This includes Immediate Family or any other relationships which might (or might be construed to) appear to be a motive to unfairly influence or take advantage of business matters involving KS.
Conflicts of Interest are also defined to include any unauthorized use or application of any confidential or proprietary information (information which is the property of KS) to the detriment of KS, especially where this results in personal gain to the Trustee, Chief Executive Officer, or Executive, his/her Immediate Family, friends or any other person or entity in which the Trustee, Chief Executive Officer, or Executive has a personal interest, either directly or indirectly.
Immediate Family means a Trustee's, Chief Executive Officer's, or Executive's spouse, father, mother, children, brothers, sisters and grandchildren; the father, mother, brothers and sisters of such Trustee's, Chief Executive Officer's, or Executive's spouse; and the spouse of a child, brother or sister of such Trustee, Chief Executive Officer, or Executive.
