Conflict of Interest
University of Arkansas for Medical Sciences College of Medicine
Service Related COI Grade:
Policy absent or unlikely to have substantial impact
Good progress toward model policy
"Significant Financial Interest (SFI)
A significant financial interest consists of one or more of the following interests of the employee (and those of the employee’s spouse, domestic partner, parents, siblings, and dependent children) that reasonably appears to be related to the employee’s institutional responsibilities:
With regard to any publicly traded entity, a significant financial interest exists if salary and other payments received from the entity in the past twelve months and the value of any equity interest in the entity, when aggregated, exceeds $5,000.
Payments include, but are not limited to, consulting fees, honoraria, and paid authorship;
Equity interests include, but are not limited to, any stock, stock option, or other ownership interest, as determined through reference to public prices or other reasonable measures of fair market value;
With regard to any non-publicly traded entity, a significant financial interest exists if:
The salary and other payments received from the entity (whether directly or indirectly) in the past twelve months, when aggregated, exceeds $5,000, or
When any equity or ownership interest exists;
Receipt of income related to intellectual property rights and interests (e.g., patents, copyrights);
Externally reimbursed travel;
Service as senior executive or board member of an entity, regardless of current value or compensation received, if there is potential for future compensation or equity."
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