Cordaid has a 'conflict of interest policy' which need to be adhered to (and signed by) all employees and board members of Cordaid.
In the main section of the policy it is pointed out that: 'Conflicts of interest can place personal interest at odds with fiduciary "duty of loyalty" owned to the Foundation. The duty of loyalty requires a director, officer, employee or a member of a committee with governing board-delegated powers, to refrain from using his or her position for personal gain, and avoid acting on issues in which his or her personal and financial interests could conflict with the interest of the Foundation'.
In the policy, a variety of potential and actual conflicts of interest are described and a procedure is prescribed for disclosing and resolving conflict of interests.