About Us

Pikes Peak Bulletin Conflict of Interest Policy

The following Financial Conflict of Interest Policy (“Conflict of Interest Policy”) is an effort (i) to ensure that the deliberations and decisions of the Pikes Peak Bulletin are made solely in the interest of promoting the quality of journalism in the state of Pikes Peak Bulletin STATE (if
applicable), and (ii) to protect the interests of Pikes Peak Bulletin when it considers any
transaction, contract, or arrangement that might benefit or be perceived to benefit the private
interest of a person affiliated with Pikes Peak Bulletin (each, a “Pikes Peak Bulletin
Representative”). As used in this Conflict of Interest Policy, a Pikes Peak Bulletin
Representative includes any director, advisory board Pikes Peak Bulletin, financial advisor, legal counsel or employee.

Duty to Pikes Peak Bulletin 

Each Pikes Peak Bulletin Representative owes a duty to Pikes Peak Bulletin to advance Pikes Peak Bulletin’s legitimate interests when the opportunity to do so arises. Each Pikes Peak Bulletin Representative must give undivided allegiance when making decisions affecting the organization. Similarly, Pikes Peak Bulletin Representatives must be faithful to Pikes Peak Bulletin’s nonprofit mission and are not permitted to act in a way that is inconsistent with the central goals of the organization and its 501(c)(3) nonprofit status.

Gifts 

No Pikes Peak Bulletin Representative shall personally accept gifts or favors that could
compromise his or her loyalty to Pikes Peak Bulletin. Any gifts or benefits personally accepted
from a party having a material interest in the outcome of Pikes Peak Bulletin or its employees by a Pikes Peak Bulletin Representative individually should be merely incidental to his or her role as an Pikes Peak Bulletin Representative and should not be of substantial value. Any gift with a value of $250 or more, or any gifts with a cumulative value in excess of $250 received by a Pikes Peak Bulletin Representative in any twelve-month period from a single source, shall be considered substantial. Cash payments may not be accepted, and no gifts should be accepted if there are strings attached. For example, no Pikes Peak Bulletin Representative may accept gifts if he or she knows that such gifts are being given to solicit his or her support of or opposition to the outcome or content of any Pikes Peak Bulletin publication.

Conflicts of Interest 

The following are examples of conflicts of interest which must be
promptly disclosed to the Pikes Peak Bulletin Board of Directors pursuant to Section 4 below by any Pikes Peak Bulletin Representative with knowledge of such conflict of interest:

(a) any real or apparent conflict of interest between a donor or the subject of an Pikes Peak
Bulletin publication or report and an Pikes Peak Bulletin Representative;

(b) an Pikes Peak Bulletin Representative’s ownership of an equity interest in a person or entity that is or will be the subject of an Pikes Peak Bulletin publication or report; and

(c) failure to disclose to Pikes Peak Bulletin all relationships between the subject of any Pikes
Peak Bulletin publication or report and any Pikes Peak Bulletin Representative or close relatives of the Pikes Peak Bulletin Representative.

Conflict Procedure

(a) If an Pikes Peak Bulletin Representative or party related to an Pikes Peak Bulletin
Representative has an interest in any contract, action or transaction to be entered into with
Pikes Peak Bulletin, a conflict of interest or potential conflict of interest exists. Any Pikes Peak Bulletin Representative having knowledge that such a conflict of interest exists or may exist (an “Interested Pikes Peak Bulletin Representative”) will so advise the Board of Directors promptly. An Interested Pikes Peak Bulletin Representative will include in the notice the material facts as to the relationship or interest of the Interested Pikes Peak Bulletin Representative in the entity proposing to enter into a contract, action or transaction with Pikes Peak Bulletin.

(b) Notwithstanding anything herein to the contrary, the Board of Directors may authorize any
committee appointed pursuant to the Pikes Peak Bulletin by-laws (a “Committee”) to act in lieu of the Board of Directors in determining whether an action, contract or transaction is fair to Pikes Peak Bulletin as of the time it is authorized or approved by the Committee.

(c) At any time that a conflict of interest or potential conflict of interest is identified, the President of the Board or a Chair of the applicable Committee will ensure that such conflict of interest is placed on the agenda for the next meeting of the Board of Directors or the Committee, as applicable. The notice of such meeting of the Board of Directors or the Committee, as applicable, will include, to the extent available when the notice is sent, a description of the conflict of interest matter to be discussed. By notice before the meeting or at the meeting, the directors on the board or the Committee, as applicable, will be advised that a vote will be taken at the meeting and that, in order to authorize the relevant contract, action or transaction, an affirmative vote of a majority of disinterested directors present at the meeting at which a quorum is present will be required and will be sufficient, even though the disinterested directors constitute less than a quorum of the Board of Directors or the Committee.

(d) Reasonable effort will be made to cause the material facts concerning the relationships
between the individuals and Pikes Peak Bulletin which create the conflict to be delivered to and shared with the Pikes Peak Bulletins of the Board of Directors or the Committee, as applicable, prior to the meeting to enable the directors to arrive at the meeting prepared to discuss the issue. In the event it is not practicable to deliver the information prior to the meeting, it will be delivered to the directors at the meeting, and the directors can act upon the matter with the same authority as if notice had been given prior to the meeting.

(e) The Board of Directors or the Committee, as applicable, will invite all parties to the conflict of interest to attend the meeting, to make presentations and to be prepared to answer questions, if necessary. The Board or Directors or the Committee, as applicable, will also invite outside experts if necessary. 

(f) At the meeting, providing a quorum is present, the conflict will be discussed to ensure that the directors present are aware of the issues and the factors involved. The interested directors may be counted for purposes of a quorum, even though they may not take part in any vote on the issues. 

(g) The Board of Directors or the Committee, as applicable, must decide, in good faith, reasonably justified by the material facts, whether the action, contract or transaction would be in the best interest of Pikes Peak Bulletin and fair to Pikes Peak Bulletin as of the time it is authorized or approved. 

(h) All interested directors must abstain from voting and, if necessary, leave the room when the vote is taken. 

(i) The Board of Directors or the Committee, as applicable, will maintain a written account of all that transpires at the meeting and incorporate such account into the minutes of the meeting and disseminate it to the full Board of Directors. Such minutes will be presented for approval at the next meeting of the Board of Directors and maintained in the corporate record book. 

(j) To the extent that the conflict of interest is continuing and the contract, action or transaction goes beyond one (1) year, the foregoing notice and discussion and vote will be repeated on an annual basis. 

Personal Loans 

Pikes Peak Bulletin may not loan to, or guarantee the personal obligations of, any Pikes Peak Bulletin Representative.