Representatives of the American Heart Association scrupulously shall avoid any conflict between their respective personal, professional or business interests and the interests of AHA, in any and all actions taken by them on behalf of AHA in their respective capacities. Representatives include, but are not limited to: its volunteer Board of Directors, Officers, committee members, council members, key employees, certain contracted parties or agents, and other national and local volunteers and staff.
If any AHA Representative or a family member of any AHA Representative has any direct or indirect interest in, or relationship with, any individual or organization that proposes to enter into any transaction with AHA, including but not limited to transactions involving:
a. the sale, purchase, lease or rental of any property or other asset;
b. employment, or rendition of services, personal or otherwise;
c. the award of any grant, contract, or subcontract;
d. the investment or deposit of any funds of the Association;
the AHA Representative shall: 1) give notice of such interest or relationship in accordance with AHA Standards and Procedures; 2) shall not be present at deliberation on and refrain from deliberation and voting on the particular transaction in which he or she has an interest; and 3) otherwise refrain from attempting to exert any influence on AHA to affect a decision to participate or not participate in such transaction.
AHA shall not enter into proposed transactions with a related party (i.e.: volunteer Officer or Director or key employee; their family members; or an entity in which the volunteer Officer or Director, key employee or their family members have a thirty-five percent or greater ownership or beneficial interest or, in the case of a partnership or professional corporation, a direct or indirect ownership interest in excess of five percent) unless it is determined by the AHA Board of Directors to be fair, reasonable and in the corporation's best interest at the time of such determination. Any volunteer Officer or Director or key employee who has an interest in a related party transaction shall disclose in good faith to the AHA Board or Directors, or an authorized committee of the Board, the material facts concerning such interest.
Designated AHA Representatives shall complete at least annually AHA’s Conflict of Interest Disclosure Questionnaire, in accordance with AHA Standards and Procedures. Volunteer Officers and Directors of the AHA Board shall complete the Disclosure Questionnaire before election and annually thereafter. Officers, Directors and key employees shall submit completed Disclosure Questionnaires to the Corporate Secretary, along with certification of compliance with this policy. The Secretary shall report to the Audit Committee at least annually on completed disclosures and certifications, and the Audit Committee shall make any decisions required based on reported conflicts.
The existence and resolution of conflicts and any related party transactions shall be documented in AHA’s records, including the minutes of any meeting at which the conflict or related party transaction was discussed or voted upon, in accordance with AHA Standards and Procedures.
Conflict of Interest requirements for Federally Funded Investigators are set out in AHA’s Conflict of Interest Standards.