Related Party Transactions Policy:

A related party transactions policy is a document that outlines the procedures for identifying, reviewing, and approving transactions between a corporation and its related parties, such as directors, officers, major shareholders, or their family members. The policy typically requires that all related party transactions be disclosed to the board of directors or a designated committee, and that they be approved only if they are in the best interests of the corporation and its shareholders. The policy may also specify the criteria for determining whether a transaction is a related party transaction, as well as the documentation and reporting requirements. A related party transactions policy is an important tool for ensuring that the corporation’s transactions are fair, transparent, and free from conflicts of interest, and for promoting good corporate governance and stakeholder confidence.