Number: 26
Subject: Conflict of
Interest
It is the policy of
the Board of Trustees that Trustees should at all times act in a manner
consistent with their fiduciary responsibilities to the University and should
exercise particular care that no detriment to the University would result from
their conflicts between their interests and those of the University.
For purposes of this
policy a Trustee is considered to have a conflict of interest when the individual,
or any of his or her immediate family or associates either (1) has an existing
or potential financial or other interest which impairs or might reasonably
appear to impair, the Trustee’s judgment in the discharge of responsibilities
to the University, or (2) may receive a material financial or other benefit
from knowledge of information confidential to the University.
Any Trustee having
an actual or potential conflict of interest in any business before the
University will disclose the conflict and shall not vote or use his or her
personal influence to effect the voting.
The minutes of the meeting shall reflect the individual’s abstention
from voting.