The Charity Commission, the independent regulator for charities in England and Wales, and the Department for Culture Media and Sport (DCMS) have jointly prepared conflicts of interest guidance for arts charities.
The new guidance is intended particularly for trustees of charitable museums, galleries and libraries, including those sponsored by DCMS. It sets out how trustees of such charities should identify and manage conflicts of interest and examines the different issues that might arise, including conflicts of loyalty and direct or indirect financial gain or benefit to a trustee.
The guidance explains how to deal with any transactions that involve a trustee benefit or are conducted between a trustee and the charity. It also identifies instances where charities might need to contact the Charity Commission for advice or authorisation.
The guidance can be downloaded from the DCMS website at:
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