All employees have a duty to be free from the influence of any conflicting interest when they represent the organization in negotiations or make representations with respect to dealings with third parties, and they are expected to deal with all persons doing business with the organization on a basis that is for the best interest of the organization without favor or preference to third parties or personal considerations.
A conflict of interest arises when employees have a personal interest in a transaction or are a party to a transaction that reasonably might affect the judgment exercised on behalf of the organization. They are to consider only the interest of the organization and faithfully follow the established policies of the organization.
Any employee who believes that a conflict of interest may exist in their representing the university must promptly report the potential or actual conflict to the president’s office, or declare the conflict of interest verbally when party to a decision making process.