BELA Asks: How Do I Address External Board Service?

In today’s episode of BELA Asks, Erica Salmon Byrne answers the question, “We are reviewing our approach to service on external boards, both governing and advisory. In particular, what are circumstances in which we would or would not allow compensation for service on such boards?” Erica addresses best practices on ensuring board service is documented as a conflict of interest, getting permission for service, and what to watch out for, particularly in allowing compensation for external board service. 

This episode stems from the BELA concierge service, in which BELA members can submit questions regarding ethics and compliance and our internal experts will provide an answer plus helpful resources with information. And since there is no competition in compliance, we respond thematically to high-level questions in the BELA Asks series for the benefit of E&C teams everywhere.

Learn more about BELA, request guest access to the Member Resource Hub, and connect with a BELA Engagement Director at www.ethisphere.com/bela