ONI Bylaws Template for Neighborhood Associations (2014) recommends:
ARTICLE XII: CONFLICT OF INTEREST
To protect the integrity of the association’s decision-making processes, Directors will disclose to the board any interest they have in a transaction or decision of the board that may result in a financial benefit or gain to them and/or their business, family members and/or significant other, employer, and/or close associates, and other nonprofit organizations with which they are affiliated. The director will not be present for or participate in any board discussion of or vote on the transaction or decision.
Consider adding:
“Directors, when making decisions on the board, will put the interests of the neighborhood association ahead of any private interests or the interests of any other organization or entity.”