1. A conflict of interest depends on the situation, and not on the character or actions of the faculty or staff member.
2. The standard that will be applied to determine whether a conflict of interest exists is that of an independent observer who might reasonably question whether the faculty member’s professional actions or decisions are determined by considerations of, or result in, personal gain, financial or otherwise, or benefit to related persons.
3. The existence of an actual or potential conflict of interest does not preclude the involvement of the faculty member in the situation where the conflict has arisen or may arise, but it does mean that the conflict must be disclosed and resolved in conjunction with the person to whom the faculty member reports.
4. The following examples, while not comprehensive, are illustrative of situations which may lead to a conflict of interest and which should be disclosed. The situations pertain to a faculty member and all of his or her non arm’s length relationships, including but not limited to that of a spouse or spousal equivalent, parent, child or sibling, or a person with whom there exists, or has existed, a close personal relationship.
(a) Using University Position for Personal Gain
(i) Entering into a research, business or other contract/transaction on behalf of the University with a company or firm in which the faculty member, or related persons, have a financial interest.
(ii) Influencing the purchase of equipment, materials or services for the University from a company or firm in which the faculty member, or related persons, have a financial interest.
(iii) Assigning reading material or other teaching material to students, when the assignment will result in financial gain for the assigning faculty member, either through royalties or a financial interest in the company publishing the materials under consideration.
(iv) Accepting gifts, benefits or favours from individuals or firms with which the University does business, except as token courtesies
(b) Inappropriate Use of University Personnel, Resources or Facilities
(i) Directing students or staff to carry out work for a company or firm in which the faculty or member, or related persons, have a financial interest.
(ii) Use of University property, resources or facilities for the faculty member’s personal benefit or the benefit of related persons.
(c) Inappropriate Involvement in Hiring or Evaluation
(i) Participating in or influencing the appointment, hiring, promotion or evaluation of a related person.
(ii) Supervising or evaluating a student who is a related person.