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        <ExplanationTxt>ENFORCEMENT OF CONFLICTS POLICY FRIENDS OF THE SALT LAKE CITY LIBRARY REQUIRES ALL BOARD MEMBERS TO DECLARE ANY POTENTIAL CONFLICTS OF INTEREST AT THE COMMENCEMENT OF ANY DISCUSSIONS ON DECISIONS WHICH MAY BE AFFECTED. THIS INCLUDES ANY INFORMAL DISCUSSIONS WITH OTHER BOARD MEMBERS PRIOR TO THE COMMENCEMENT OF FORMAL DISCUSSIONS. DECLARATION SHOULD BE MADE INFORMALLY TO ANY BOARD MEMBER OR THEIR DELEGATED REPRESENTATIVE WHEN ENTERING DISCUSSIONS. THIS SHOULD BE FOLLOWED UP BY A FORMAL DECLARATION OF A POTENTIAL CONFLICT OF INTEREST TO ALL BOARD MEMBERS PRESENT AT THE NEXT AVAILABLE BOARD MEETING. ANY DECLARATIONS OF CONFLICTS ARE FORMALLY NOTED IN THE BOARD MINUTES. ONCE A DECLARATION HAS BEEN MADE, THE BOARD MEMBER CONCERNED SHOULD EXCUSE THEMSELVES FROM ANY DISCUSSIONS OR VOTING RELATED TO THE POTENTIAL CONFLICT. THE BOARD MAY REVIEW THIS DECISION AND ALLOW PARTICIPATION WHERE THE POTENTIAL CONFLICT IS DEEMED TO BE MINIMAL OR HAVING LITTLE ABILITY TO MATERIALLY AFFECT THE DECISION. ANY ACTIONS TAKEN WILL BE FORMALLY NOTED IN THE BOARD MINUTES. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ASSURING THE QUALITY OF THE CONFLICTS OF INTEREST POLICY.</ExplanationTxt>
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