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Section
III: Mission, Governance, and Institutional Effectiveness
SACS Comprehensive Standard
III-4. The board has a policy addressing conflict of
interest.
JUDGMENT OF COMPLIANCE
Yes, East Tennessee State University is able to provide
a portfolio of evidence supporting compliance.
STATEMENT OF RATIONALE FOR JUDGMENT OF COMPLIANCE
Policy of the Tennessee Board of Regents (TBR) addresses conflict of
interest for board members and system institutions (TBR Manual, Conflict
of Interest). The fundamental tenet of this policy is stewardship
of public interest. The TBR and its institutions have the responsibility
to manage, reduce, or eliminate any actual or potential conflict of interest.
In addition to circumstances prohibited by state law, there are several
administrative conflicts of interest to which board members, their immediate
family members, selected members of the TBR staff, and certain officers
and employees of its various campuses are subject. Conflicts of interest
may arise when board members:
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have direct or indirect financial interest in a contract or transaction,
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participate in actions or decisions that involve a personal gain
or advantage,
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obtain personal gain with a concurrent adverse effect or impact
on the system's best interests, or
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obtain or assist improper third party gains from the system.
The TBR policy requires board members and selected staff of both the
board and system institutions to file formal disclosure statements in
January of each year (TBR Disclosure Form). This form is available
to ETSU staff from our Office of Human Resources. Individuals who are
required to file these disclosure statements must report any activity
constituting a potential conflict of interest. Private interests that
could result in personal gain, financial or otherwise, are disclosed so
that potential conflicts with professional obligations and public trust
are monitored. These statements include listing relationships or business
affiliations where the individual or immediate family member
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is an officer, director, trustee, partner, employee, or agent of
such an organization;
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is the actual or beneficial owner of more than four percent of
the voting stock or controlling interest of such organization; and/or
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has any other direct or indirect dealings from which material benefits
are received.
Disclosure forms are signed by the reporting individual and by a witness.
DOCUMENTATION
SOURCE
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LOCATION
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Tennessee Board of Regents Policies and Guidelines
Manual, Policy 1:02:03:10, Conflict of Interest
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Tennessee Board of Regents Disclosure Form
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SACS Documentation Files
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