A conflict of
interest may occur when a University faculty/staff member meets any one of
the following criteria:
- The Faculty/Staff
member is:
-
An officer,
director, trustee, sole proprietor, partner, employee, sales
representative or agent of, OR
-
A consultant, independent contractor or advisory board member to an external
organization or corporation either seeking to do or doing business with the University,
funding a sponsored project, or providing goods or services under a sponsored project in
which the faculty/staff member is participating in any capacity; OR
-
The faculty/staff member is the actual or beneficial owner of more than five percent
(5%) of the voting stock or controlling interest of such organization or corporation, or
the market value of her/his stock exceeds $10,000; OR
-
The faculty/staff member has dealings with such organization or corporation from which
he/she derives income (e.g., royalties, stipends, salary) of more than $10,000 per year,
exclusive of dividends and interest; OR
-
The assets of the faculty/staff member's Family/Household, alone or in combination with
the assets of the faculty/staff member, meet any of the criteria stated in paragraphs A, B
and C above. Family/Household is defined to include a) Family/Household (spouse, parents
and children) and b) persons living at the same residence as the faculty/staff member,
except their tenants or employees.
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