Sec. 10-301. Compliance with the Constitution and Laws.
It is the policy of the University that all officers and employees of the University comply with the constitution and laws of the State of Michigan pertaining to conflict of interest.
Sec. 10-302. Law Pertaining to Conflict of Interest.
The officers and employees of the University (other than the President and the Trustees) are subject to the provisions of Act 317 of the Michigan Public Acts of 1968, as amended.
MCL 15.321 et seq. (1968 PA 317, as amended)
Sec. 10-303. Contracts Between the University and a Related Party.
No related person, as defined in Sec. 10-304, shall be a party, directly or indirectly, to any contract between himself or herself and the University (other than an employee's contract of employment by the University), nor directly or indirectly interested, as defined in Sec. 10-304, in any contract with the University, unless the contact meets all of the following requirements.
Sec. 10-304. Definition of "Related Person".
As used in this subpart, the term "related person" means (a) an employee of the University (other than the President or a Trustee), or (b) a parent, spouse, sibling or child of an employee if the employee is directly or indirectly involved in soliciting, negotiating, authorizing, performing, or enforcing the contract, (c) any firm of which a related person is a partner, member, or employee; or (d) any private corporation in which a related person is a stockholder owning more than one percent (1%) of the total outstanding stock of any class where such stock is not listed on a stock exchange or stock with a present total market value in excess of Twenty-five thousand Dollars ($25,000) where such stock is listed on a stock exchange, or of which he/she is a director, officer or employee; or (e) any trust of which a related person is a beneficiary or trustee.
Sec. 10-305. Reporting and Investigation of Possible Conflict of Interest.
Persons having information concerning possible conflicts of interest may report such information to the Vice President for Administration and Finance. The Office of the Vice President for Administration and Finance shall have the authority to investigate the circumstances surrounding any alleged conflict of interest, and if upon such investigation a conflict appears to be present, the Vice President for Administration and Finance shall report the same to the President.
Sec. 10-306. Annual Letter Regarding Conflict of Interest Policy.
The Vice President for Administration and Finance shall advise the Vice Presidents, Deans, Department Heads, and Directors of the terms of Subpart 10-3 by means of an annual letter.
Subpart 9-3. Conflicts of interest involving the President or a Trustee.
Business Policy Letter, BPL 04:03, Conflict of Interest
Prior Board Action:
November 30, 2001.