File: BC
Board of Trustees Conduct
It
is the desire of the Board to operate under the highest ethical standards.
In
carrying out his or her fiduciary duties, a Board member shall not:
1. Disclose
or use confidential information acquired in the course of official duties to
further substantially personal financial interests.
2. Accept
a gift of substantial value or substantial economic benefit tantamount to a
gift of substantial value which would tend to improperly influence a reasonable
person in the position or which it is known or should be known is primarily for
the purpose of a reward for official action taken.
3. Engage
in a substantial financial transaction for the member’s private business
purposes with a person whom the member supervises in the course of official
duties.
4. Perform
an official act which directly and substantially confers an economic benefit
on a business or other undertaking in which the member has a substantial financial
interest or is engaged as a counsel, consultant, representative or agent.
The
phrase "economic benefit tantamount to a gift of substantial value"
includes a loan at a rate of interest substantially lower than the prevailing
commercial rate and compensation received for private services rendered at a
rate substantially exceeding the fair market value.
It shall not be considered a breach of
conduct for a Board member to:
1. Use
school facilities and equipment to communicate or correspond with constituents,
family members or business associates.
2. Accept
or receive a benefit as an indirect consequence of transacting school business.
Adopted by Board of Trustees:
LEGAL REFS.: C.R.S. 22-80-101 et seq.
C.R.S.
24-18-104
C.R.S.
24-18-108.5
C.R.S.
24-18-109