Conflict of Interest Policy
Employees have a duty to carry out their responsibilities in good faith with due regard for the best interests of the College. A conflict of interest or possible conflict of interest may arise between an employee’s personal and/or business interests and his/her responsibilities to the College. A conflict may exist if it adversely influences the employee’s judgment with respect to his or her job responsibilities, or leads to some financial gain or potential financial gain to the employee or a member of his/her family.
Employees are encouraged to avoid any conflict between their interests and the interests of the College. However, when a conflict or possible conflict of interest exists, the employee shall promptly make full disclosure to the employee’s department head and/or the appropriate senior staff member. Faculty members shall report to the Provost.
With any conflict of interest, the employee shall not initiate any related contract or transaction to which the College is a party, and shall otherwise refrain from acting, until written approval is received from the appropriate senior staff member.
Employees may not accept gifts or any payments from vendors or potential vendors to the College, except for the occasional nominal gift such as a meal, ticket to a sporting event, or book. Unauthorized use of College resources or property is also unacceptable.
Conflict of interest policies
regarding outside employment and consensual relations are described in other
sections of the various Handbooks. Faculty
who serve as principal investigators on federal research grants are also subject
to the Conflicts of Interest in Research policy statement dated