Conflict
of Interest: University Employees
| Effective Date: |
06.19.1974 |
Revision Date: |
06.17.2003 |
| Chapter Name: |
Employment
/ Affirmative Action |
Policy Number: |
3.1.7 |
| Policy Name: |
Conflict
of Interest: University Employees |
| A
PDF version of this policy is available
via this link. |
UNIVERSITY POLICY STATEMENT
No University employee shall have a direct or indirect
interest, financial or otherwise, in a contract
with the University or incur any obligation of any
nature, when such contract or obligation is in substantial
conflict or provides a potential substantial conflict
with the discharge of his or her duties in the public
interest.
Furthermore, no University employee shall accept
any payment, remuneration, gratuity or other money
or property of any kind from a corporation, individual
or entity which is engaged in one or more business
transactions with the University where there is
any relationship, direct or indirect, between the
payment to the individual and the transaction with
the University.
(NOTE: A substantial conflict
or potential substantial conflict of interest exists
when a University employee: (1) engages in a business
transaction as a representative/agent of the University
with a business entity in which he/she holds a title
of executive officer, (e.g. President, Vice President,
Secretary, Treasurer), or owns or controls directly
or indirectly more than one percent of that entity;
or (2) accepts other employment or engages in a
business or professional activity which will require
him/her to disclose confidential information acquired
while carrying out his/her official responsibilities.)
UNIVERSITY PRACTICE
University practices for implementing this policy
include:
- Senior administrative staff (employees
within the Management and Administrative
Compensation Bands) shall complete
a disclosure statement annually reporting
any financial conflict of interest
or potential conflict of interest,
financial or otherwise, to the University.
(NOTE: Conflict
of interest or potential conflict
is defined as the ownership or control
of more than one percent of any firm
or institution providing goods or
services to Eastern Michigan University
by such individuals as noted above
or by a member of their immediate
family.)
- A disclosure statement for senior
administrators is available for
compliance with this policy.
- Senior administrative staff
shall be required to promptly
complete and file an amended disclosure
statement upon the occurrence
of any change in circumstances
or discovery of any new information
that would alter the previous
statement.
RESPONSIBILITY FOR IMPLEMENTATION
It is the individual responsibility
of each University employee to
disclose conflicts of interest
or potential conflicts of interest
to the University. The University's
Internal Auditor is directly responsible
for developing appropriate procedures
for implementing the provisions
of this policy.
SCOPE OF POLICY COVERAGE
This policy affects all Eastern
Michigan University employees;
however, the President is responsible
for conforming with the Conflict
of Interest policy set forth for
Board members and the President.
| Authority
for Creation or Revision: |
| Meeting
of the Board of Regents: June 19, 1974, para.
.1384M. December 2, 1987, para. .3634M. December
6, 1989, para. .4134M. June 17, 2003,
para. .6132M. |
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