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❑ Have we thoroughly assessed the fair market value of the property? This may indicate the <br /> use of more than one appraisal if there is any doubt about the fair market value of the <br /> property or if the property is difficult to value. <br /> ❑ Have we considered how the.public would perceive the transaction and its effect on <br /> TPL's reputation? <br /> ❑ On the sale of properties,have we actively marketed the property on the open market? <br /> Goods and Services <br /> ❑ How important are the goods and services? <br /> ❑ For services, is the individual better equipped than other providers? <br /> ❑ For goods, why is this provider better than other providers? <br /> ❑ Is TPL being given a charitable rate or price? (In most cases this should be the case) <br /> ❑ Will there be a conflict of interest in managing the services? <br /> ❑ Have we considered how the public would perceive the transaction and its effect on <br /> TPL's reputation? <br /> Hiring an Employee <br /> ❑ Is this person the best-qualified person for the job? <br /> ❑ Is the person being hired as a favor or a quid pro quo? <br /> ❑ Will there be a conflict of interest in supervising the employee? <br /> ❑ Have we considered how the public would perceive the transaction and its effect on <br /> TPL's reputation? <br /> Examples <br /> Set forth below,for purposes of illustration, are several examples of situations that may present a <br /> conflict of interest: <br /> 1. A TPL employee purchases, or negotiates to.purchase, for his or her own account, <br /> any land in which TPL has shown an interest or any land that has come to that <br /> person's attention through his or her affiliation with TPL. <br /> 2. TPL purchases, or negotiates to purchase, land in which a Major Donor has an <br /> ownership interest or by which such donor will benefit directly or indirectly, such <br /> as by the receipt of a brokerage commission. <br /> 3. TPL sells, or negotiates to sell land under circumstances that will benefit an <br /> Insider, such as might occur if the Insider had an ownership interest in the buyer, <br /> had a right to a commission or fee resulting from the transaction, or had an <br /> interest in an adjacent or nearby parcel that would be favorably affected by,the <br /> transaction. <br /> TPL Conflict of Interest Policy 1-20-05 4 <br />