Bancorp International Group Inc (fka BCIT)

[turn2him]

Fiduciary responsibility:
(please note specifically "Conflict of Interest" below as it may apply to Megas and Pino/Pammy)

A person who occupies a position of such power and confidence with regard to the property of another that the law requires him to act solely in the interest of the person whom he represents. (source: m-w.com)
The president and the elected board of directors are all fiduciaries to your chapter membership.
The appointed board members are the responsibility of the elected members.

Translation: Responsibility

1. Legal duty
Principal/agent of your chapter
Trust and allegiance of your members
Heightened standard of accountability
2. Obligation to act in the best interests of the organization.
3. Act openly, fairly, and in good faith.

Four(4) Duties of responsibility:
-Duty of care
-Duty of loyalty
-Duty of obedience
-Duty to preserve organization’s assets

Conflicts of Interest:
-A conflict between the private interests and the official responsibilities of a person in a position of trust
-Interest with outside persons or entities which might affect or might reasonably be thought by others to affect the judgment or conduct of a director