NMTC Conflict of Interest Policy

In their capacity as members of the New Mexico Technology Council Board of Directors (“Directors”) must always act in the best interests of the New Mexico Technology Council (‘NMTC”). The purpose of this policy is to help inform the Directors about what constitutes a conflict of interest, assist the Directors in identifying and disclosing actual and potential conflicts, and help ensure the avoidance of conflicts of interest where necessary. This policy may be enforced against individual Directors as described below.

 1.     A conflict of interest is a transaction or relationship that presents or may present a conflict between a Director’s obligations to NMTC and the Director’s personal, business, or other interests.  

2.     Directors have a fiduciary duty to conduct themselves without conflict to the interests of NMTC. In their capacity as Directors, they must subordinate personal, individual business, third-party, and other interests to the welfare and best interests of the association.

 3.     All conflicts and potential conflicts of interest shall be disclosed by Directors to the NMTC at the time of the annual disclosure form and/or whenever a conflict arises. When a conflict of interest is addressed the NMTC Executive Committee shall review whether a conflict exists and what subsequent action is appropriate (if any). The Directors shall retain the right to modify or reverse such determination and action and shall retain the ultimate enforcement authority with respect to the interpretation and application of this policy.