Conflict of Interest
Conflicts may arise through
- Financial interest
- Business transactions
- Outside professional activities
No employee shall have an interest, financial or otherwise,
direct or indirect, that is in conflict with the proper discharge
of his or her official duties. No officer or employee shall incur
an obligation, of any nature, or engage in a business, transaction,
or professional activity that is in conflict with the proper discharge
of his or her official duties." -- University Handbook,
Volume Four, Part V, Chapter 2, Section 1A.
About the Policy
The Employee Conflict of Interest Policy can be found in the University
Handbook, Volume Four, Part V, Chapter 2.
Relationship to Copyright
Conflicts of interest may arise when an individual has a financial
or other interest in a company that is related to the individual's
work at the University. For example, conflicts may arise with respect
to copyright or other intellectual property if a University employee
is directly involved with a business entity that is also licensing
intellectual property from the University. A conflict of interest
does not mean the relationship cannot continue, however, appropriate
steps must be taken to manage potential conflicts in these types
of relationships.
Excerpts from University Handbook, Volume Four, Part V,
Chapter 2 Employee Conflict of Interest
[Section 1. Basic Principles]
The above statements summarize provisions of the Ethics in Public
Service Act and are provided for descriptive purposes only. In matters
where the possibility exists of conflicts, reference should be made
to one's supervisor, to the text of the Ethics in Public Service
Act, and to the applicable federal regulations, particularly NSF
Investigator Financial Disclosure Policy (GPM 510) 1995 and the
PHSR, 42 C.F.R. Part 50 and 45 C.F.R. Subtitle A, and University
of Washington Grants Information Memorandum 10.
BR, September 19, 1977; Executive Order No. 32 of the President,
February 27, 1998
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