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Upaya Social Ventures

Advise on Potential Board Conflicts of Interest

Summary:

Advise a social enterprise creating jobs for the extreme poor in India on potential board conflicts of interest.

Jurisdiction(s): U.S.
About the Organization: Upaya Social Ventures fights extreme poverty from the ground up by building scalable businesses and dignified jobs. They are an impact first investor, operating primarily in India and investing in missing middle companies that create jobs for the extreme poor.
Legal Entity Type: Hybrid (nonprofit + for-profit affiliates)
SDG(s): Decent Work and Economic Growth, End Poverty, Gender Equality
Legal Issue(s):

Upaya recently brought on two board members who are also co-investors in portfolio companies. While all interests are currently aligned, the Upaya team is aware of the risk of this changing. They are seeking guidance on best practices for handling conflicts or divergences of interests, as well as assistance implementing any recommendations.