Related-Party Transactions — Kelmendi Foundation

Purpose

To govern any transaction between the Foundation and a related party, protecting the non-distribution principle, tax status and reputation.

Key commitments

Any dealing must be on arm’s-length terms, evidenced by independent benchmarks.
No transaction may transfer value from the Foundation to a related party; related entities are never subsidised.
The related interest is disclosed in writing before the matter is considered.
Approval is by non-conflicted board members, with the rationale and benchmarks minuted.
All related-party transactions are logged, disclosed in the annual accounts and reviewed by the auditor.

This is a public summary of policy B4 — Related-Party Transactions, part of the Foundation’s board-adopted Policies & Compliance Framework. The full policy document is being finalised for legal verification and Board adoption, and is available on request. Statutory references are verified against the consolidated texts in the Official Gazette of the Republic of Kosovo at the date of adoption.

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