What is Conflict of Interest?

The University's relationship with the public and private sectors is an important part of its mission. Such relationships are encouraged. It is recognized, however, that such relationships can lead to a variety of competing interests (perceived, potential, or real) that may result in financial risks to compensation or other personal gain. Major risks to the reputations of faculty and the University can result when potential conflicts are not appropriately managed.

Public awareness of conflict situations and involvement in their investigation has increased greatly in recent years. The reputation of the University is one of its most important assets, and we must safeguard it from even the appearance of a conflict.

The University also recognizes that it has an obligation to guarantee faculty members a free climate in which to carry out their research and scholarly activities. It recognizes that consulting, starting new businesses, licensing of technology, and other forms of technology transfer are necessary to serve the needs of society, as well as to enhance the research and educational experiences of students and faculty.

The University has an obligation to balance these occasionally competing goals. The next screen provides a comprehensive definition of Conflict of Interest.