Duty of Care: to act with the same care as a "reasonably prudent person" would exercise under similar circumstances, in good faith, and in a manner reasonably believed to be in the best interests of the organization.
Duty of Loyalty: to act in good faith in the best interests of the organization, not engaging in any activities that would injure or take advantage of the organization. The duty of loyalty imposes procedural safeguards and standards of substantive fairness in situations where there is a conflict of interest; when there is a board director on both sides of a transaction; or when a director and the organization are in competition on one side of a transaction.
Duty of Obedience: To act to ensure the organization operates in keeping with the laws and rules governing its formation and in accordance with its own bylaws and mission. The duty of obedience also requires following federal and state statutes and contractual agreements such as laws prohibiting discrimination.
To be eligible to be a CMC Board Director, you must be able to comply with the GRCMC Conflict of Interest policy and know and accept the requirements in the Board of Directors Position Description.