1. Office for Responsible Outside Interests

Outside Interests: Significant Financial, Personal and Foreign Interests

I am planning a personal trip to a foreign country this summer (outside my time paid by UA). There will be no money from UA spent, or received. Is there a form to fill if I give a seminar (unpaid, published materials)?

Below, please find a list of the potential points of disclosure. 

I am planning a personal trip to a foreign country. There will be no money from UA spent, or received. Is there a form to fill if I give a seminar (unpaid, published materials)?

Below, please find a list of the potential points of disclosure. 

I am planning a personal trip to Japan (outside my time paid by UA). There will be no money from UA spent, or received. I would like to plan for some visits to colleagues at local universities while traveling. Is there a COI form I need to fill in?

Below, please find a list of the potential points of disclosure.

What is a Financial Conflict of Interest?

Financial Conflict of Interest (FCOI) means an Outside Interest is Related to, or can be perceived to be Related to, an individual’s institutional responsibilities.

What are foreign affiliations?

Foreign affiliations are defined as associations/relationships (e.g. conducting activity such as consulting engagements, research collaborations, appointments or titles, or teaching) with foreign institutions of higher education, foreign governments, foreign companies or foreign nationals.

When should I update the value of my stock or equity?

Stock and equity valuation should be updated as follows:

Public Entity: Update at least annually, based on Annual Report or other public valuation

How do I value stock and equity?

The value of Equity is determined through reference to public prices or other reasonable measures of fair market value (e.g., assets - liabilities = value).

Stock in a public entity is valued based on Annual Reports and other public valuations.

Valuing stock in a private entity can be done various ways using methods such as valuation ratios, internal rates of return, comparative analysis and discounted cash flow analysis.

How do I disclose stock or equity?

Stock and equity only need to be disclosed if they are an Investigator's Significant Financial Interest or a University Employees Substantial Interest.

A Significant Financial Interest includes:

"A non-profit education organization has asked me to participate in a curriculum design project. The project aligns with my expertise and research. They would pay travel and a stipend. Is this a COI/COC ?"

If you are an Investigator and receive a travel reimbursement/sponsorship and/or stipend of any amount from a foreign entity, this must be disclosed as a Foreign Interest for conflict of interest review.

"I have been invited to serve on the board of a local non-profit with no stipend involved. Do I need to report this?"

If you are an Investigator, this activity should be disclosed for conflict of interest review if it meets the definition of a Significant Personnel Interest.  Significant Personal Interests are any managerial, professional, or Fiduciary Position you (or a Family Member) hold in any outside entity, whether or not you or your family is compensated. This can include officer, director, and board positions.

 

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