Editorial Independence:

 

The Recorder subscribes to standards of editorial independence adopted by the Institute for Nonprofit News:

 

Our organization retains full authority over editorial content to protect the best journalistic and business interests of our organization. We maintain a firewall between news coverage decisions and sources of all revenue. Acceptance of financial support does not constitute implied or actual endorsement of donors or their products, services or opinions.

 

We accept gifts, grants and sponsorships from individuals and organizations for the general support of our activities, but our news judgments are made independently and not on the basis of donor support.

 

Our organization may consider donations to support the coverage of particular topics, but our organization maintains editorial control of the coverage. We will cede no right of review or influence of editorial content, nor of unauthorized distribution of editorial content.

 

Our organization will make public all donors who give a total of $5,000 or more per year. We will accept anonymous donations for general support only if it is clear that sufficient safeguards have been put into place that the expenditure of that donation is made independently by our organization and in compliance with INN’s Membership Standards.

 

Financial Transparency:

 

The Recorder is committed to transparency in every aspect of funding our organization.

 

Accepting financial support does not mean we endorse donors or their products, services or opinions.

 

We accept gifts, grants and sponsorships from individuals, organizations and foundations to help with our general operations, coverage of specific topics and special projects. As a 501(c)(3) nonprofit that operates as a public trust, we do not pay certain taxes. We may receive funds from standard government programs offered to nonprofits or similar businesses.

 

Our news judgments are made independently – not based on or influenced by donors or any revenue source. We do not give supporters the rights to assign, review or edit content.

 

We make public all revenue sources and donors who give $5,000 or more per year. As a news nonprofit, we avoid accepting charitable donations from anonymous sources, government entities, political parties, elected officials or candidates seeking public office. We will not accept donations from sources who, deemed by our board of directors, present a conflict of interest with our work or compromise our independence.

 

Conflict of Interest:

 

The following financial conflict of interest policy (“Conflict of Interest Policy”) is an effort (i) to ensure that the deliberations and decisions of the The Recorder News, Inc. (“The Recorder”) are made solely in the interest of promoting the quality of journalism in New York State and (ii) to protect the interests of The Recorder when it considers any transaction, contract, or arrangement that might benefit or be perceived to benefit the private interest of a person affiliated with The Recorder (each, a Recorder representative”). As used in this conflict of interest policy, a Recorder representative includes any director, advisory board member, financial advisor, legal counsel or employee.

 

Duty to The Recorder. Each Recorder representative owes a duty to The Recorder to advance The Recorder’s legitimate interests when the opportunity to do so arises. Each Recorder representative must give undivided allegiance when making decisions affecting the organization. Similarly, Recorder representatives must be faithful to The Recorder’s nonprofit mission and are not permitted to act in a way that is inconsistent with the central goals of the organization and its nonprofit status.

 

Gifts. No Recorder representative shall personally accept gifts or favors that could compromise his or her loyalty to The Recorder. Any gifts or benefits personally accepted from a party having a material interest in the outcome of The Recorder or its employees by a Recorder representative individually should be merely incidental to his or her role as a Recorder representative and should not be of substantial value. Any gift with a value of $250 or more, or any gifts with a cumulative value in excess of $250 received by a Recorder representative in any twelve-month period from a single source, shall be considered substantial. Cash payments may not be accepted, and no gifts should be accepted if there are strings attached. For example, no Recorder representative may accept gifts if he or she knows that such gifts are being given to solicit his or her support of or opposition to the outcome or content of any Recorder publication.

 

Conflicts of Interest. The following are examples of conflicts of interest which must be promptly disclosed to the The Recorder’s Board of Directors pursuant to Section 4 below by any  Recorder representative with knowledge of such conflict of interest:

 

(a) any real or apparent conflict of interest between a donor or the subject of a Recorder publication or report and a Recorder representative;

 

(b) a Recorder representative’s ownership of an equity interest in a person or entity that is or will be the subject of a Recorder publication or report; and

 

(c) failure to disclose to The Recorder all relationships between the subject of any Recorder publication or report and any Recorder representative or close relatives of the Recorder representative.

 

Conflict Procedure:

 

(a) If an The Recorder Representative or party related to a Recorder representative has an interest in any contract, action or transaction to be entered into with The Recorder, a conflict of interest or potential conflict of interest exists. Any Recorder representative having knowledge that such a conflict of interest exists or may exist (an “Interested The Recorder Representative”) will so advise the Board of Directors promptly. An Interested Recorder representative will include in the notice the material facts as to the relationship or interest of the interested  Recorder representative in the entity proposing to enter into a contract, action or transaction with The Recorder.

 

(b) Notwithstanding anything herein to the contrary, the Board of Directors may authorize any committee appointed pursuant to the The Recorder by-laws (a “Committee”) to act in lieu of the Board of Directors in determining whether an action, contract or transaction is fair to The Recorder as of the time it is authorized or approved by the Committee.

 

(c) At any time that a conflict of interest or potential conflict of interest is identified, the President of the Board or a Chair of the applicable Committee will ensure that such conflict of interest is placed on the agenda for the next meeting of the Board of Directors or the Committee, as applicable. The notice of such meeting of the Board of Directors or the Committee, as applicable, will include, to the extent available when the notice is sent, a description of the conflict of interest matter to be discussed. By notice before the meeting or at the meeting, the directors on the board or the Committee, as applicable, will be advised that a vote will be taken at the meeting and that, in order to authorize the relevant contract, action or transaction, an affirmative vote of a majority of disinterested directors present at the meeting at which a quorum is present will be required and will be sufficient, even though the disinterested directors constitute less than a quorum of the Board of Directors or the Committee.

 

(d) Reasonable effort will be made to cause the material facts concerning the relationships between the individuals and The Recorder which create the conflict to be delivered to and shared with the the Recorder’s Board of Directors or the Committee, as applicable, prior to the meeting to enable the directors to arrive at the meeting prepared to discuss the issue. In the event it is not practicable to deliver the information prior to the meeting, it will be delivered to the directors at the meeting, and the directors can act upon the matter with the same authority as if notice had been given prior to the meeting.

 

(e) The Board of Directors or the Committee, as applicable, will invite all parties to the conflict of interest to attend the meeting, to make presentations and to be prepared to answer questions, if necessary. The Board or Directors or the Committee, as applicable, will also invite outside experts if necessary.

 

(f) At the meeting, providing a quorum is present, the conflict will be discussed to ensure that the directors present are aware of the issues and the factors involved. The interested directors may be counted for purposes of a quorum, even though they may not take part in any vote on the issues.

 

(g) The Board of Directors or the Committee, as applicable, must decide, in good faith, reasonably justified by the material facts, whether the action, contract or transaction would be in the best interest of The Recorder and fair to The Recorder as of the time it is authorized or approved.

 

(h) All interested directors must abstain from voting and, if necessary, leave the room when the vote is taken.

 

(i) The Board of Directors or the Committee, as applicable, will maintain a written account of all that transpires at the meeting and incorporate such account into the minutes of the meeting and disseminate it to the full Board of Directors. Such minutes will be presented for approval at the next meeting of the Board of Directors and maintained in the corporate record book.

 

(j) To the extent that the conflict of interest is continuing, and the contract, action or transaction goes beyond one (1) year, the foregoing notice and discussion and vote will be repeated on an annual basis.

 

Personal Loans. The Recorder may not loan to, or guarantee the personal obligations of, any  Recorder representative.

 

Corrections:

 

Correcting known mistakes is a longstanding newspaper industry tradition and an important   way to establish credibility with readers. The Recorder’s corrections policy codifies how we correct the record when we mistakenly publish inaccurate information.

 

We are committed to telling readers when an error has been made, its magnitude, and the correct information as quickly as possible. Email editor@therecorder.org to alert us of any possible errors. Once a correction request is received, our editorial team will conduct a swift and thorough review of the disputed facts and attempt to substantiate the story as reported with firsthand sources to determine if a correction is warranted.

 

If an error is made in our print edition, the correction will appear in our print and digital editions. Digital-only mistakes are corrected online only.

 

With our digital content, we update the story in question with the corrected information as soon as we verify an error has been made. At the end of the online article, we will note the correct information, refer to the inaccurate information initially published, and cite the date and time the update was made.

 

If we verify we have made a mistake, whether in an article or headline or photo caption or otherwise, we’re committed to publishing a correction at our soonest opportunity. If there is a substantial correction online, we publish a correction and explain the change at the end of the article. 

 

When our coverage is accurate but we are not clear or unintentionally misleading, or fall short in any similar fashion, we commit to publishing a clarification as relevant at our soonest opportunity.

 

A serious correction that calls into question our broader decision making might require a special editor’s note.

 

If we publish incorrect information on social media, we must correct it on that specific platform.