Board Member Disclosure

In accordance with the Bylaws of Worldworks as adopted on Saturday, November 18, 2006, Worldworks, the Board and Administrator(s) of Worldworks recognize a shared responsibility to ensure that they conduct themselves in a manner that serves the mission and goals of the organization. It is therefore the responsibility of the Board and employees of Worldworks to avoid conflicts of interest that may compromise the integrity of the organization. The following conflict of interest policy statement has been prepared in order to identify and evaluate potential conflict of interest and to assist Board members and employees in addressing conflict of interest issues.

1. Application This policy is applicable to all Worldworks' Board members, administrators, and employees.
2. Definitions
1. Conflict of Interest : conflict of interest exists when a Board member, administrator of employee's position of authority may be used to influence or make decisions that lead to any form of financial or personal gain for that Board member of employee or for his or her family.
   
3. Principles
1. To ensure the integrity of the organization, all Board members, administrators, and employees of Worldworks must take steps to avoid conflict of interest, or even the appearance of conflict of interest. To avoid any doubt on conflict of interest issues, a system will be laid out whereby Board members, administrators, and employees of Worldworks, will disclose and obtain evaluation of potential conflict.
   
2. A Board member, administrator, or employee of Worldworks is deemed to have conflict of interest if his or her judgment on matters affecting the organization is or may be influenced by considerations either of personal gain or financial benefit.
   The following is a partial list of examples of activities and actions that may constitute conflict of interest that should be either managed appropriately or eliminated.
   
1. The purchase of goods for the organization from businesses in which the Board member, administrator, or employee, or his family, has a financial interest.
   
2. Receipt of gifts, gratuities, loans, or special favors from vendors selling products to the organization.
   
3. Holding of an ownership interest by the Board member, administrator, or employee or their family in any real or personal property leased or purchased by the organization.
   
4. Holding of an equity, royalty, or debt instrument interest in any entity providing services, and being compensated fro that service by the organization.
   
5. Use of information received as a Board member, administrator, or employee of Worldworks for personal purposes and gain.
   
6. Receiving royalties for any product, article, book, audio or video tape, CD or DVD or any other item generated in the course of their activities in any way related to Worldworks, including such items as may be used for promotional, educational, fund-raising or any other purposes by Worldworks board member, management, or staff person. All such items belong wholly and completely to Worldworks and any benefits to be derived from their distribution in any manner shall be only for the benefit and fulfillment of the Purpose(s) for which Worldworks is incorporated.
   
4. Implementation
   Disclosure: Board members, administrators, and employees of Worldworks are mandated to provide full disclosure of any material conflicting interest, and must permit the Board to determine whether any contemplated transaction may be authorized as just, fair, and reasonable to the interests of the organization.
   Disclosures may occur at the request of the Board and may occur on an annual basis.
   Upon establishing a prima-facie case of conflict of interest involving Board members, and senior administrators, the Board shall establish a committee that should move promptly to investigate and evaluate the conflict of interest and issue written recommendations on how to proceed in resolving the conflict of interest. In matters relating to junior employees, senor administrators shall be responsible for investigating, evaluating, and resolving the conflict of interest issue.