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It has been discussed on several blogs, notably SBC Outpost, that there is a potential conflict of interest regarding Dr. John Floyd's election as chairman of the trustees of the International Mission Board. I emailed Dr. Floyd regarding this, and here is his response:
I am not sure what is meant by conflict of interest that some are discussing. It has been supposed that we receive a pension from the IMB. Any retirement funds for missionaries come from Guidestone, the same as any pastor or other agency employee. That is from funds already contributed for that purpose, not funds that are currently being provided. I have never served on a committee that has anything to do with benefits for emeritus missionaries.
In other news, Baptist Press is reporting today that the recommendation that the SBC elect leaders from churches who give 10% of their undesignated receipts to the Cooperative Program is
being changed to delete the reference to 10%. The official statement of the officers of the Executive Committee said, "These recommendations never were intended to create controversy." Morris Chapman, President of the SBC Executive Committee, states in the article that "The mention of a specific percentage in the recommendations has generated so much discussion from a variety of perspectives that we felt a revision would allow all Southern Baptists, from churches large and small, to enthusiastically approve the report, including the nine recommendations."
Dr. Anthony Jordan, Executive Director/Treasurer of the Baptist General Convention of Oklahoma, chaired the ad-hoc committee responsible for the report. He expressed disappointment with the revision, but affirmed the leadership of Chapman and the officers of the Executive Committee.
Wes Kenney
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Bowden McElroy May 26 2006 - 7:32 pm
Even if he were receiving pension funds from the IMB, it’s only a potential conflict. It seems to me a conflict of interest would occur only if he were actively voting to somehow give himself a raise.
For me, this has been a non-issue from the beginning.
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Kevin Bussey May 26 2006 - 10:51 pm
I agree with Bowden.
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CW May 26 2006 - 11:47 pm
I think any potential conflict of interest pales in comparison with what has happened with the Ad Hoc CP Committee. SBC leaders seemed to be all for it until they realized God’s annointed for this year did not meet the goal. This is troubling. A committee comprised of state convention executives made this recommendation. I assume they made it with much prayer and understanding of the people they represent. Convention attendees would have had a chance to vote on it. Now, with a wave of the hand, *poof* the recommendation disappears.
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Phillips Lynn May 27 2006 - 8:27 pm
The way that our SBC retirement system is set up the monies paid into an individual’s retirement plan belong to the individutal and are 100% vested. So therefore, Dr. Floyd’s pension would have nothing to do with the IMB. It is managed by Guidestone and belongs totally to him. Thusly, the trustees of the IMB can take no action to subtract from or enhance the pension of Dr. Floyd.
In all probability, the only thing that is paid or furnished by the IMB would be any additional insurance or benefits that are given to retired employees.
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