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    Wednesday, May 24, 2006


    This commentary on the election of the new IMB chairman comes from SBC OUTPOST
    this morning:

    Interestingly enough, the new Chairman may very well find himself in the position of having a conflict of interest.

    Dr. [John] Floyd is a retired IMB missionary who is currently drawing a retirement pension through that entity. According to the SBC By-laws, though, this could be a problem. By-law 15 F states, in its entirety:
    No person shall be eligible to serve on any one of the above entities from which he/she receives any part of his/her
    salary, directly or indirectly, or, which provides funds for which he/she has a duty of administration. When such conditions become applicable, that person shall be considered as having resigned and such vacancy shall be filled in accordance with established Convention procedure.
    Now, is it possible that we are now in a position where the new Chairman will have to be "considered as having resigned" not only from the Chairmanship, but also from the board? I'm sure that the question will be raised if pension is the same as salary, but should they be differentiated in these cases? In my mind, "no."

    Oh yeah, Dr. Floyd also has been on the committee that sets pension amounts and deals with raises. Is that a conflict of interest?

    My question is, "Who is responsible for instigating the process of removal?"

    posted by Arkansas Razorbaptist at 5/24/2006 07:54:00 AM


    Blogger Bowden McElroy said...

    It's only conflict of interest if he refuses to recuse himself whenever the subject of pensions arises.

    The real question (assuming there is a difference between salary and pension) is why would IMB leadership place anyone on a committee where they would have to refrain from doing a portion of the work? Aren't there other committees on which he could serve?

    Wednesday, May 24, 2006 8:38:00 AM  
    Blogger Arkansas Razorbaptist said...

    Wade Burleson is looking more and more like a prophet. I'm not sure why the IMB would do this, other than the fact that a majority of trustees are just arrogant and feel the rules do not matter. It looks bad.

    Wednesday, May 24, 2006 8:58:00 AM  
    Anonymous Anonymous said...

    I'm sure you all are against him just because his last name is Floyd. KJA

    Wednesday, May 24, 2006 10:15:00 AM  
    Blogger Bowden McElroy said...

    I would be surprised if the by-law you mention applies to retirees.

    The purpose of such a rule is to avoid the confusing issue of duel-relationships; I can either be accountable to my boss as an employee or my boss can be accountable to me as a board member, but I can't fulfill both roles at the same time.

    A retiree is outside the life of the organization. That's why I don't think there is any problem here as long as Dr. Floyd doesn't work/vote on any issues re: pension increases.

    Wednesday, May 24, 2006 12:57:00 PM  
    Blogger Brian Armas said...

    ARB- I think it would be wise to add his first name. It took me a minute to figure this one out.

    Wednesday, May 24, 2006 1:22:00 PM  
    Blogger PBill said...

    We can all say the same things in half a dozen places on this but really, rzrbk, the innuendo, questions, speculations over the pension business is prime evidence why blogging, after holding such promise for this graybeard six months ago, has lost a lot of lustre.

    NO ONE has done anything other than use the pension issue to try and poison the waters for John Floyd. Innuendo, speculation, pooled ignorance...straight to the trash can on this one. Burleson is beginning to disappoint this Southern Baptist pastor.

    He's a mega-Landmarker...then give him both barrels. The other stuff is a cheap shot.

    Wednesday, May 24, 2006 1:58:00 PM  

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