Policy and Procedures
Purdue acknowledges that Employees, and their families and Dependents, have the right to acquire, retain and accumulate personal financial assets (including personal income from the transfer of technology or intellectual property subject to University policy) and to establish financial relationships with outside private entities. However, each Employee also has the responsibility to manage his or her financial affairs and relationships in a manner that does not interfere with, or improperly influence the performance of, his or her duties and responsibilities as an Employee. [from: Purdue Policy III.B.2: Individual Financial Conflicts of Interest (revised August 24, 2012)]
A critical step in fulfilling this responsibility is prompt and full disclosure of Significant Financial Interests associated with University Responsibilities when:
- Investigators submit a proposals to an external sponsor
- Investigators submit protocols for research involving human subjects’ or living vertebrate animals for review and approval by a University Regulatory Committee
- Voting members of University Regulatory Committees participate in the review and approval of protocols for research involving human subjects’ or living vertebrate animals
- An Investigator is associated with a third party negotiating a license or option for use of University technology or other intellectual property
Such disclosures must be made at the time of the transaction and updated annually and within 30 days of discovering or acquiring a new Significant Financial Interest.
Individuals are Investigators if they are a project director, a principal investigator of a research project and any other person, regardless of title or position, who is responsible for the design, conduct or reporting of research or project results at or involving Purdue, including Employees, subgrantees, contractors, subcontractors, collaborators, and consultants. In general, any individual specifically named in a proposal and any individual identified in a report to the project sponsor or scholarly publication who is responsible for the design, conduct, or reporting of research or project results is an Investigator.