| THE UNIVERSITY'S POLICY ON CONFLICTS OF FINANCIAL INTEREST. The Conflicts
of Financial Interest policy presumes that personal financial interests
should not influence the performance of University duties, but recognizes
that many interests presenting a potential conflict are permissible
if disclosed and properly managed. The full text of the policy is published
as section 5.10 of the Faculty Handbook. The entire Faculty Handbook is available HERE.
REPORTING REQUIREMENTS. As noted in the Provost's
annual memorandum, many faculty and some staff in academic areas
should make an annual statement regarding conflicts of financial interest.
In
addition, all faculty and staff should file the form whenever a conflict
arises.
CLICK HERE TO DOWNLOAD THE ANNUAL MEMORANDUM AND DISCLOSURE FORM
INSTRUCTIONS FOR COMPLETING THE DISCLOSURE FORM
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Who must file? Any faculty or staff
member who has an actual conflict must report it whenever it occurs.
Whether or not there is any conflict to report, the following faculty
and staff should file an annual report:
* full-time (1.0 FTE) professor, associate, assistant, lecturers and instructors
* full-time (1.0 FTE) research professors, associate professors, and assistant professors
* full-time (1.0 FTE) research associates, research scientists and senior research scientists
* full-time (1.0 FTE) staff members in academic units whose annual salary exceeds $60,000 and other staff that are engaged in outside employment or supplementary employment.
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What must
be reported?
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* In
completing this form, you must disclose those Significant
Financial Interests that would reasonably appear to affect, or be
affected by, your University duties. A Significant Financial Interest
is the receipt or ownership of anything of value -- including salary,
royalties, stocks, ownership or equity interests, and intellectual
property rights -- in excess of certain dollar amounts (usually
$10,000) and percent ownership, and excluding money received from
OU and certain public or nonprofit entities. Refer to Faculty Handbook section 5.10.4 and Staff Handbook section 5.17 for the complete definition. |
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* You are encouraged to disclose
other interests, activities, or relationships that may become Significant
Financial Interests in the future, that implicate other policies
relating to conflicts of interest, or that may otherwise give the
appearance of impropriety if left undisclosed. |
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* Do
not disclose interests, activities, or relationships that are
clearly unrelated to your University duties. |
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* EXAMPLES
of interests that require and interests that do not require disclosure
are available HERE. |
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Other instructions: In the
following questions . . . |
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* "You" includes yourself, your spouse and
your dependent children. |
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* "Entity or activity" means any non-OU
entity or activity, for example businesses, for-profit ventures,
or nonprofit organizations from which you derive a salary or other
benefit. |
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* "Interest"
means either a Significant Financial Interest as defined by the
Policy or any other interest, activity, or relationship that you
determine should be disclosed. |
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CONFIDENTIALITY. The information
you provide is confidential and will be used only as required by
the conflicts policies. Return this form directly to the Provost. |
OTHER POLICIES GOVERNING CONFLICTS OF INTEREST. Some personal activities
not covered under the conflicts policy may implicate other University
policies that define faculty professional responsibility and govern
the use of University resources. Such activities may also implicate
state statutes that prohibit self-dealing, improper profit or advantage,
and abuse of office by public employees. Following are other selected
policies governing the intersection of personal interests (financial
or otherwise) with the duties of academic professionals, University
employees, and officers and employees of state agencies. |
