All Club Directors or Committee members must avoid any conflict of interest in their decisions for the Club. What does this mean? It means you can take part in any Board/Committee decision that you might benefit from. The hardest part is recognizing you actually have a conflict of interest.
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All Club Committee members should read their Club Constitution, preferably as part of their induction on to the Board. As the document is the set of rules that apply to how your Club entity itself operates.