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Conflict of Interest Policy

Memorandum #212 Conflict of Interest Policy

Original Date of Issue: April 9, 1985

At its meeting of April 4, 1985, the Board of Trustees adopted the following Conflict of Interest Policy:

  1. No trustee or employee shall vote upon, negotiate, ratify, or execute any contract for or on behalf of the College in which his/her judgment or loyalty to the College might reasonably be subject to question by reason of his/her personal financial interest or that of his/her spouse or child or of any business in which the trustee or employee or his/her spouse or child is a director, officer, partner, owner, or other principal;
  2. No trustee or employee, nor his/her spouse or child, nor any business in which the trustee or employee or his/her spouse or child is a director, officer, partner, owner or other principal shall enter into any contract (other than one pertaining to the terms of his/her employment) with the College unless the contract has-been awarded though an open, public and competitive (where appropriate) process--and then only after full disclosure of such interest;
  3. No trustee or employee shall accept a gift or thing of greater than minimal value in any form, unless consideration of equal or greater value is provided, from any person (including students or persons acting for or on behalf of students) or entity having any business, association, or relationship with the College.