It is the policy of the University to keep an employee’s private interests separate from University interests and to safeguard the University and its employees from charges of favoritism. An employee is prohibited from participating in a decision if there is a financial conflict of interest.
Suppliers that work with the university must affirm that, to the best of the Supplier’s knowledge, no UC employee who has participated in UC’s decision-making concerning the award of a UC Purchase Order or Agreement has an “economic interest” in the Agreement or Supplier. A UC employee’s “economic interest” means:
A. An investment worth $2,000 or more in Supplier or its affiliate;
B. A position as director, officer, partner, trustee, employee or manager of Supplier or its affiliate;
C. Receipt during the past 12 months of $500 in income or $440 in gifts from Supplier or its affiliate; or
D. A personal financial benefit from the Agreement in the amount of $250 or more.
In the event of a change in these economic interests, Suppliers must provide written notice to UC within thirty (30) days after such change, noting such changes.