East
Carolina University Faculty Manual
APPENDIX
I.
ECU
POLICY ON CONFLICTS OF INTEREST AND COMMITMENT
1.
"Business" means any corporation, partnership, sole proprietorship,
firm, franchise, association, organization, holding company, joint stock
company, receivership, business or real estate trust, or any other legal entity
organized for profit or charitable purposes. "Business" excludes
University-related entities, which is inclusive of the University, and any
private medical practice or any other entity controlled by, controlling, or
under common control with the University or with which the University has a
contractual relationship for the purpose of providing patient care.
2. "Executive
Position" refers to any position that includes responsibilities for a
material segment of the operation or management of a business, including Board
membership .
3. The " Immediate
Family" of a faculty or EPA non-faculty employee includes his or her
spouse, dependent children and/or other dependent(s) as defined in the Internal
Revenue Code.
4. "Significant
Financial Interest" means anything of monetary value, including but not
limited to, salary or other payments for services (e.g., consulting fees or
honoraria); equity interests (e.g., stocks, stock options or other ownership
interests); and intellectual property rights (e.g., patents, copyrights,
license agreements, and royalties from such rights). The term does not
include:
(1) Salary, royalties, or other remuneration
from East Carolina University to its faculty or staff;
(2) Income from seminars, lectures, or
teaching engagements sponsored by public or nonprofit entities;
(3) Income from service on advisory
committees or review panels for public or nonprofit entities;
(4) An equity interest that when aggregated
for the faculty/staff and the faculty/staff’s immediate family, meets both of
the following tests: Does not exceed $10,000 in value as determined through
reference to public prices or other reasonable measures of fair market value,
and does not represent more than a five percent ownership interest in any
single entity;
(5) Salary, royalties or other payments that
when aggregated for the faculty/staff and the faculty/staff's immediate family
over the next twelve months, are not expected to exceed $10,000 from any one
source.
(6) Mutual, pension, investment or other
funds over which the employee or the University does not exercise direct
control.
5.
"Participate" means to be part of the described activity in any
capacity, including but not limited to serving as the principal investigator,
co-investigator, research collaborator or provider of direct patient care. The
term is not intended to apply to individuals who provide primarily technical
support or who are purely advisory, with no direct access to the data (e.g.,
control over its collection or analysis) or, in the case of clinical research,
to the trial participants, unless they are in a position to influence the
study's results or have privileged information as to the outcome.
6. "Sponsored Programs" means
research, public service, training and instructional projects involving funds,
materials, or other compensation from outside sources under grants, contracts,
or cooperative agreements.
7.
"Technology" means any process, method, product, compound, drug,
device, or any diagnostic, medical, or surgical procedure developed using
University time, facilities, equipment, or funds whether intended for commercial
use or not.