Gifts and Benefits. 12.1 Gifts to Members risk the appearance of improper influence. Gifts may appear to induce influence or create an incentive for Members to make decisions on the basis of relationships rather than in the best interests of ONE JIB or its Participating Municipalities. Members shall not accept a fee, advance, gift, gift certificate, cash or personal benefit connected directly or indirectly with the performance of the Member’s duties. 12.2 A gift, benefit or hospitality that is connected directly or indirectly to the performance of the Member’s duties provided with the Member’s knowledge to a Member’s Spouse, Child, Parent, grandchild or to a Member’s friend or associate is deemed to be a gift to that Member. 12.3 Notwithstanding Section 12.1, Members shall be entitled to accept any gifts or benefits in their public capacity in the following circumstances: (a) compensation authorized by law; (b) gifts or benefits that normally accompany the responsibilities of office and are received as an incident of protocol or social obligation; (c) gifts or benefits given in recognition of services provided without compensation by Members volunteering their time; (d) a suitable memento at a function honouring the Member; (e) food, lodging, transportation and entertainment provided by: (i) provincial, regional or local governments or political subdivisions of them, (ii) the federal government, (iii) a foreign government within a foreign country, (iv) Association of Municipalities of Ontario, (v) Local Authority Services, (vi) Municipal Finance Officers’ Association of Ontario, (vii) CHUMS Financing Corporation, (viii) ONE Investment, or (ix) a conference, seminar or event organizer where the Member is either speaking or attending in an official capacity; (f) participating in or consuming food and beverages at banquets, receptions, sporting events or similar functions, if: (i) attendance serves a legitimate business purpose, or supports a charitable cause in the community, a board of trade or chamber of commerce; (ii) the person extending the invitation or a representative of the organizing entity is in attendance; and (iii) the value is reasonable and the invitations infrequent; (g) gifts of nominal value (e.g. a baseball cap, t-shirt, flash drive, book); (h) any gift or personal benefit, if the Integrity Commissioner is of the opinion, before the gift or personal benefit has been accepted, that it is unlikely that receipt of the gift or benefit gives rise to a reasonable presumption that the gift or benefit was given in order to influence the Member in the performance of the Member’s duties. 12.4 The exceptions set forth in Section 12.3 do not apply where the gifts or benefits are provided by potential administrators, custodians, payment servicers, portfolio managers, investment counsel, bankers, brokers, dealers or other agents as may be required to implement the Investment Plan in accordance with a Participating Municipality’s Investment Policy Statement. 12.5 In the case of Sections 12.3 (b), (d), (e) and (f) of, if the value of the gift or benefit exceeds $500, or if the total value of gifts and/or benefits received from any one source during the course of a calendar year exceeds $500, the Member shall, within thirty (30) days of receipt of the gift or benefit or reaching the annual limit, file a disclosure statement with the Integrity Commissioner. The disclosure statement will be a matter of public record. The disclosure statement shall provide the following information: (a) the nature of the gift or benefit; (b) its source and date of receipt; (c) the circumstances under which it was given or received; (d) its estimated value; (e) what the Member intends to do with the gift or benefit; and (f) whether the gift or benefit will at any point be left with ONE JIB or ONE Investment. 12.6 On receiving a disclosure statement, the Integrity Commissioner shall examine it to ascertain whether receipt of the gift or benefit might, in her or his opinion, create a conflict between a private interest and the public duty of the Member. In the event that the Integrity Commissioner makes this preliminary determination, the Integrity Commissioner shall call upon the Member to justify receipt of the gift or benefit. 12.7 Should the Integrity Commissioner determine that receipt was inappropriate, the Integrity Commissioner may direct the Member to return the gift or benefit, reimburse the donor for the value of the gift or benefit if already consumed, or forfeit the gift or benefit or remit the value of the gift or benefit if already consumed to ONE JIB or ONE Investment. 12.8 Except in the cases of Sections 12.3 (a) and (e), a Member may not under any circumstances accept a gift or benefit worth in excess of $750 or gifts and benefits worth in the aggregate in excess of $750 from one source during a calendar year.
Appears in 2 contracts
Samples: Joint Investment Board Agreement, Joint Investment Board Agreement
Gifts and Benefits. 12.1 Gifts to Members risk the appearance of improper influence. Gifts may appear to induce influence or create an incentive for Members to make decisions on the basis of relationships rather than in the best interests of ONE JIB or its Participating Municipalities. Members shall not accept a fee, advance, gift, gift certificate, cash or personal benefit connected directly or indirectly with the performance of the Member’s duties.duties.
12.2 A gift, benefit or hospitality that is connected directly or indirectly to the performance of the Member’s duties provided with the Member’s knowledge to a Member’s Spouse, Child, Parent, grandchild or to a Member’s friend or associate is deemed to be a gift to that Member.
12.3 Notwithstanding Section 12.1, Members shall be entitled to accept any gifts or benefits in their public capacity in the following circumstances:circumstances:
(a) compensation authorized by law;law;
(b) gifts or benefits that normally accompany the responsibilities of office and are received as an incident of protocol or social obligation;obligation;
(c) gifts or benefits given in recognition of services provided without compensation by Members volunteering their time;
(d) a suitable memento at a function honouring the Member;Member;
(e) food, lodging, transportation and entertainment provided by:by:
(i) provincial, regional or local governments or political subdivisions of them,
(ii) the federal government,
(iii) a foreign government within a foreign country,
(iv) Association of Municipalities of Ontario,
(v) Local Authority Services,
(vi) Municipal Finance Officers’ Association of Ontario,
(vii) CHUMS Financing Corporation,
(viii) ONE Investment, or
(ix) a conference, seminar or event organizer where the Member is either speaking or attending in an official capacity;
(f) participating in or consuming food and beverages at banquets, receptions, sporting events or similar functions, if:if:
(i) attendance serves a legitimate business purpose, or supports a charitable cause in the community, a board of trade or chamber of commerce;
(ii) the person extending the invitation or a representative of the organizing entity is in attendance; and
(iii) the value is reasonable and the invitations infrequent;
(g) gifts of nominal value (e.g. a baseball cap, t-shirt, flash drive, book);
(h) any gift or personal benefit, if the Integrity Commissioner is of the opinion, before the gift or personal benefit has been accepted, that it is unlikely that receipt of the gift or benefit gives rise to a reasonable presumption that the gift or benefit was given in order to influence the Member in the performance of the Member’s duties.
12.4 The exceptions set forth in Section 12.3 do not apply where the gifts or benefits are provided by potential administrators, custodians, payment servicers, portfolio managers, investment counsel, bankers, brokers, dealers or other agents as may be required to implement the Investment Plan in accordance with a Participating Municipality’s Investment Policy Statement.
12.5 In the case of Sections 12.3 (b), (d), (e) and (f) of, if the value of the gift or benefit exceeds $500, or if the total value of gifts and/or benefits received from any one source during the course of a calendar year exceeds $500, the Member shall, within thirty (30) days of receipt of the gift or benefit or reaching the annual limit, file a disclosure statement with the Integrity Commissioner. The disclosure statement will be a matter of public record. The disclosure statement shall provide the following information:
(a) the nature of the gift or benefit;
(b) its source and date of receipt;
(c) the circumstances under which it was given or received;
(d) its estimated value;
(e) what the Member intends to do with the gift or benefit; and
(f) whether the gift or benefit will at any point be left with ONE JIB or ONE Investment.
12.6 On receiving a disclosure statement, the Integrity Commissioner shall examine it to ascertain whether receipt of the gift or benefit might, in her or his opinion, create a conflict between a private interest and the public duty of the Member. In the event that the Integrity Commissioner makes this preliminary determination, the Integrity Commissioner shall call upon the Member to justify receipt of the gift or benefit.
12.7 Should the Integrity Commissioner determine that receipt was inappropriate, the Integrity Commissioner may direct the Member to return the gift or benefit, reimburse the donor for the value of the gift or benefit if already consumed, or forfeit the gift or benefit or remit the value of the gift or benefit if already consumed to ONE JIB or ONE Investment.
12.8 Except in the cases of Sections 12.3 (a) and (e), a Member may not under any circumstances accept a gift or benefit worth in excess of $750 or gifts and benefits worth in the aggregate in excess of $750 from one source during a calendar year.
Appears in 1 contract
Samples: Joint Investment Board Agreement
Gifts and Benefits. 12.1 Gifts to Members risk the appearance of improper influence. Gifts may appear to induce influence or create an incentive for Members to make decisions on the basis of relationships rather than in the best interests of ONE JIB or its Participating Municipalities. Members shall not accept a fee, advance, gift, gift certificate, cash or personal benefit connected directly or indirectly with the performance of the Member’s duties.her or his duties.
12.2 A gift, benefit or hospitality that is connected directly or indirectly to the performance of the Member’s duties provided with the Member’s knowledge to a Member’s Spouse, Child, Parent, grandchild or to a Member’s friend or associate is deemed to be a gift to that Member.
12.3 Notwithstanding Section 12.1, Members shall be entitled to accept any gifts or benefits in their public capacity in the following circumstances:circumstances:
(a) compensation authorized by law;
(b) gifts or benefits that normally accompany the responsibilities of office and are received as an incident of protocol or social obligation;
(c) gifts or benefits given in recognition of services provided without compensation by Members volunteering their time;
(d) a suitable memento at a function honouring the Member;
(e) food, lodging, transportation and entertainment provided by:
(i) provincial, regional or local governments or political subdivisions of them,
(ii) the federal government,
(iii) a foreign government within a foreign country,
(iv) Association of Municipalities of Ontario,
(v) Local Authority Services,
(vi) Municipal Finance Officers’ Association of Ontario,
(vii) CHUMS Financing Corporation,
(viii) ONE Investment, or
(ix) a conference, seminar or event organizer where the Member is either speaking or attending in an official capacity;
(f) participating in or consuming food and beverages at banquets, receptions, sporting events or similar functions, if:
(i) attendance serves a legitimate business purpose, or supports a charitable cause in the community, a board of trade or chamber of commerce;
(ii) the person extending the invitation or a representative of the organizing entity is in attendance; and
(iii) the value is reasonable and the invitations infrequent;
(g) gifts of nominal value (e.g. a baseball cap, t-shirt, flash drive, book);
(h) any gift or personal benefit, if the Integrity Commissioner is of the opinion, before the gift or personal benefit has been accepted, that it is unlikely that receipt of the gift or benefit gives rise to a reasonable presumption that the gift or benefit was given in order to influence the Member in the performance of the Member’s her or his duties.
12.4 The exceptions set forth in Section 12.3 do not apply where the gifts or benefits are provided by potential administrators, custodians, payment servicers, portfolio managers, investment counsel, bankers, brokers, dealers or other agents as may be required to implement the Investment Plan in accordance with a Participating Municipality’s Investment Policy Statement.
12.5 In the case of Sections 12.3 (b), (d), (e) and (f) of, if the value of the gift or benefit exceeds $500300, or if the total value of gifts and/or benefits received from any one source during the course of a calendar year exceeds $500300, the Member shall, within thirty (30) days of receipt of the gift or benefit or reaching the annual limit, file a disclosure statement with the Integrity Commissioner. The disclosure statement will be a matter of public record. The disclosure statement shall provide the following information:
(a) the nature of the gift or benefit;
(b) its source and date of receipt;
(c) the circumstances under which it was given or received;
(d) its estimated value;
(e) what the Member intends to do with the gift or benefit; and
(f) whether the gift or benefit will at any point be left with ONE JIB or ONE Investment.
12.6 On receiving a disclosure statement, the Integrity Commissioner shall examine it to ascertain whether receipt of the gift or benefit might, in her or his opinion, create a conflict between a private interest and the public duty of the Member. In the event that the Integrity Commissioner makes this preliminary determination, the Integrity Commissioner she or he shall call upon the Member to justify receipt of the gift or benefit.
12.7 Should the Integrity Commissioner determine that receipt was inappropriate, the Integrity Commissioner she or he may direct the Member to return the gift or benefit, reimburse the donor for the value of the gift or benefit if already consumed, or forfeit the gift or benefit or remit the value of the gift or benefit if already consumed to ONE JIB or ONE Investment.
12.8 Except in the cases of Sections 12.3 (a) and (e), a Member may not under any circumstances accept a gift or benefit worth in excess of $750 500 or gifts and benefits worth in the aggregate in excess of $750 500 from one source during a calendar year.
Appears in 1 contract
Samples: Joint Investment Board Agreement
