3.12 Conflicts of Interest

A conflict of interest is any judgment, action, or relationship that prohibits or inhibits a faculty member from acting in the best interests of the College. If a faculty member is a director, president, partner, general manager, or similar executive officer, or owns or controls directly or indirectly a substantial interest in any other entity participating in a transaction with the College, a conflict of interest may exist.

Faculty members are required to conduct their activities on behalf of the College in good faith. They may not compete with the College or use business opportunities, confidential information, or trade secrets of the College for their own personal gain or advantage or the gain or advantage of others.

Faculty members should inform the appropriate dean of all facts and circumstances related to any transactions, activities, contracts, or other dealings in which they are involved, or may become involved on behalf of the College, that might directly or indirectly involve them in a conflict of interest.