Conflict of interest policy

Fundación Venezuela Nueva Esperanza LLC requires directors, officers, managers and key personnel to act in the Organization's best interests and avoid situations that may create a conflict of interest.

1. Definition

A conflict of interest exists when a person's personal, financial or business interests may improperly influence their decisions on behalf of the Organization.

2. Disclosure

Decision-makers must disclose any actual or potential conflict, including:

• Financial interests
• Family or personal relationships
• Outside business activities

3. Management

When a conflict is identified:

• The person involved abstains from the related discussion and decision
• The conflict is reviewed and documented
• The decision is made in the Organization's best interests

4. Compliance

Non-compliance may lead to corrective measures, including removal of decision-making authority.

This policy supports transparency, accountability and ethical governance of the Organization's social purpose.

Last updated: 2026.