General Provisions and Purpose
The Conflict of Interest Policy is intended to ensure that the business of Tennis PEI is conducted effectively, objectively, and without improper influence or the appearance of improper influence. Employees and volunteers must maintain high standards of honesty, integrity, and impartiality in the performance of their duties. Tennis PEI’s policy is designed to help directors, officers, employees and other volunteers to identify situations that present potential conflicts of interest and provide a procedure that, if observed, will allow a transaction to be treated as valid and binding even though one has or may have a conflict of interest with respect to the transaction. It is the duty of each person to become familiar with, and abide by, all rules and regulations of the USTA including, but not limited to the Conflict of Interest and Disclosure Policy (hereinafter “Policy”).
Loyalty and Conflicts of Interest
The following circumstances will be deemed to create a potential Conflict of Interest:
- A contract or transaction between Tennis PEI and an employee or volunteer;
- A contract or transaction between Tennis PEI and an entity in which an employee or volunteer has a financial interest or of which an employee or volunteer is a director, officer, employee, partner, or other representative;
- An employee or volunteer competing with Tennis PEI in the rendering of services or in any other contract with a third party; and
- An employee or volunteer having a financial interest in, or serving as a director, officer, employee, agent, partner or other representative of, or consultant to, an entity or person that competes with Tennis PEI in the provision of services or an any other contract with a third party.
Employees and volunteers of Tennis PEI owe a duty of loyalty to Tennis PEI to fulfill conscientiously their responsibilities on behalf of Tennis PEI. Employees and volunteers should disclose and, where appropriate, refrain from engaging in any activity that might conflict, or appear to conflict, with the interests of Tennis PEI, or that might result in or create the appearance of using one’s position as an employee or volunteer at Tennis PEI for private gain; giving preferential treatment to any person; impeding the efficiency or economy of Tennis PEI’s operations; or making decisions without impartiality.
Employees and volunteers may not do indirectly, through family or friends, what they are precluded by the Policy from doing directly.