Conflicts of Interest Policy

CWS has in place a policy which seeks to minimise situations of conflict of interest. New Board members and key management staff are required to make a declaration of no conflict of interests at the time they first join our organisation. Thereafter, a similar declaration is required to be made annually. Where it is necessary for CWS to enter into transactions with related parties, as defined in the Charities Accounting Standard, such transactions are subject to approval by an independent person in accordance with the approving authority prescribed by the Board of Governors. In addition, transactions between CWS and related parties are reported to and subject to review by the Audit and Risk Committee.