Conflict of Interest
Policy no. I-3
Effective date: 01/01/2002
Scope: faculty, staff and student employees
Policy Statement
It is the policy of the university to:
- Expect all employees, while acting for or engaging in an activity affecting the university to do so with loyalty to the university and to maintain the highest standards of ethics;
- Respect the rights of all employees to engage in activities outside the normal scope of employment, provided such activities do not conflict with or reflect adversely on the university's interest or deprive the university of an appropriate measure of time and effort;
- Require all employees to avoid situations involving conflicts including, but not limited to, financial dealings that are contrary to the university's best interests, membership equity or employment relationships that may be in conflict, acceptance of favors, money or other considerations which might obligate the recipient to take action adverse to the university's interest;
- Circulate this policy on conflicts periodically and to provide a means for employees to disclose actual or potential conflicts;
- Provide suitable mechanisms for resolving conflicts of interest so that the best interests of the university will be protected while observing its standards of ethics.
Policy Administration: Chief Finance and Administrative Officer
Reference: Faculty Handbook >>, Conflict of Interest Procedure (I-3a)
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