Conflict of Interest Policy
Upholding Integrity, Transparency and Ethical Standards
RAWBIT FOUNDATION
Version 1.1 | Document Owner: Operations/HR
Policy Commitment
All associates of RAWBIT FOUNDATION shall strive to avoid any conflict of interest between the interests of the organization and their respective personal, financial, professional, and business interests.
1. Applicability
This Conflict of Interest Policy is applicable to all employees/staff, volunteers, consultants, trustees, members of the Board of Trustees and members of any committees (collectively referred to as "Associates") of RAWBIT FOUNDATION.
Conflict of interest includes actual conflicts, potential conflicts, and perceived conflicts of interest that may compromise the objectivity and integrity of decision-making processes.
2. Scope
The principles set forth in this Policy are applicable to all Associates of RAWBIT FOUNDATION. It is the responsibility of all Associates and Third Parties to follow and adhere to all elements described in the Policy.
This policy covers all aspects of organizational operations, including but not limited to procurement, hiring, partnerships, financial transactions, and strategic decision-making.
3. Purpose
- To provide guidance to conduct/perform with professionalism, integrity, honesty, and moral and ethical standards
- To protect the integrity and reputation of the organization's decision-making process
- To avoid any actual, potential or perceived conflict between personal interests and organizational interests
- To lay principles for undertaking responsibilities with undivided loyalty and without personal conflicts
4. Policy Framework
Conflicts of interest may arise when an Associate places personal interests before the interests of the organization. Such personal interests may exist or appear to exist due to relationships with individuals or entities which can influence or appear to influence objectivity or efficiency.
A. Indicative Scenarios
Situations that may lead to actual, potential or perceived conflict of interest include:
Employment Relations
A Board member related to a staff member when decisions about pay or employment conditions are being made
Financial Interests
Conducting transactions on behalf of the organization with entities in which the Associate holds financial or commercial interest
Gifts & Favors
Accepting gifts, favors, or anything of monetary value from donors or vendors (except unsolicited gifts of nominal value)
Dual Loyalties
Owing fiduciary duties to another entity while engaged in transactions with RAWBIT FOUNDATION
Family Benefits
Participating in evaluation or administration of contracts that directly or indirectly benefit the Associate or their relatives
Ownership Stakes
Holding financial interest or position of influence in entities working with RAWBIT FOUNDATION
Note on Relatives: "Relatives" include spouse, parent, child, sibling, grandparent, grandchild, uncle, aunt, cousin, niece or nephew (including "step" relationships such as step-parent, step-child, step-siblings).
B. Categories of Conflict of Interest
1. Financial Transactions
- Any financial arrangement or participation in the business of an actual or potential vendor or service provider
- Direct or indirect involvement in organizational operations with vendors/stakeholders
- Securities transactions that may place Associate's financial interests against organizational interests
2. Outside Employment & Interest
- Employment with another employer that qualifies as conflict of interest
- Membership on committee/Board of organizations competing for the same funding
- Being privy to information affecting funding allocation to competing organizations
- Associates must choose between RAWBIT FOUNDATION and conflicting employment
3. Hiring Relatives
- Associates cannot hold direct reporting relationship with relatives
- Relatives cannot participate in hiring, evaluation, selection, discipline, or promotion decisions
- Hiring managers must ensure all applicants declare information about relatives in the organization
- Referred relatives go through normal selection process
- Improper to place two relatives in professional affiliation that compromises organizational assets
4. Promotions & Transfers
Provisions of this Policy must be adhered to while transferring or promoting an Associate within the organization to prevent conflicts of interest.
5. Relationship/Fraternization
- Associates cannot have relationships with their manager
- Associates in relationships cannot have the same reporting Manager
6. Decision Making Process
Associates must disclose any actual or perceived conflict of interest while being part of any decision-making process or team. Whenever an Associate finds themselves in a position of conflict of interest, they must:
- Disclose the conflict immediately
- Recuse themselves from that process
C. Reporting Mechanism
Reporting Obligations:
- Every Associate must promptly report any actual or reasonably suspected violation
- All reports will be promptly and thoroughly investigated
- Information on Associates reporting violations shall remain confidential
- Retaliation against whistleblowers will not be tolerated
Disclosure Requirements:
- Upon appointment, each Associate must make full written disclosure of interests
- Disclosures must be recorded and updated at least annually
- Board members must disclose conflicts at the beginning of each board meeting
- All disclosures and subsequent actions will be noted in minutes
Important: This Policy supplements good judgment. Associates should maintain its sanctity and respect both its spirit and wording.
D. Due Diligence of Partners
- Partner organizations are covered by their own Conflict of Interest policies
- RAWBIT FOUNDATION shall conduct robust due diligence to ensure partners have sufficient policies and systems in place
- This Policy forms an integral part of contracts between RAWBIT FOUNDATION and its partners
- Partner organizations must ensure strict compliance with this Policy
5. Violations of Policy
An Associate who violates this Conflict of Interest Policy, regardless of whether financial loss to the organization results or not, may receive appropriate disciplinary action up to and including termination.
This shall be in addition to other legal and remedial actions available to the organization under applicable law.
6. Exceptions and Review of Policy
- Any deviations from this Policy require approval from the Management Committee
- The organization reserves the right to modify and/or review provisions from time to time
- Reviews will ensure compliance with applicable legal requirements or internal policies
Conflict of Interest Declaration Form
Annual Declaration Requirements:
All Associates must complete an annual Conflict of Interest Declaration stating:
Disclosure Details Required:
- Name of party/individual with whom you may have a relationship
- Details of your relationship with the party
- Relationship of the conflicted party with RAWBIT FOUNDATION
- Any other relevant details
Report Conflict of Interest Concerns
Maintain transparency and integrity in all our operations
Contact Number
+91 9172696951Address
Saibaba Nagar, Wadgaon Road, Yavatmal, Maharashtra, PIN 445001
This policy is reviewed annually and updated as needed.
Version 1.1 | Document Owner: Operations/HR
Last Updated: February 23, 2026
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