Financial Conflict of Interest: Policy and Procedures

Financial Conflict of Interest:Definitions

A Significant Financial Interest (SFI) is a Financial Interest held by an Investigator and/or an Investigator's Dependent(s) that reasonably appears to be related to the Investigator's Institutional Responsibilities and that consists of one or more of the following:

  • Remuneration (including salary, consulting fees, honoraria, paid authorship and travel reimbursement) received from a publicly traded company during the twelve-month period preceding the date on which an Investigator is making a disclosure, and/or an Equity Interest held in such publicly traded company, if the aggregate value of such remuneration, plus the value of the Equity Interest as of the date of disclosure, exceeds $5,000.
  • Remuneration (including, but not limited to, salary, consulting fees, honoraria, paid authorship and travel reimbursement) received from a non-publicly traded company during the twelve-month period preceding the date on which an Investigator is making a disclosure, if the remuneration exceeds $5,000.
  • More than five percent Equity Interest or ownership in a publicly traded company or business.
  • Any Equity Interest in a non-publicly traded company or business, regardless of value.
  • Any Intellectual Property Rights, regardless of value, upon receipt of income related to such rights and interests.
  • When applied to sponsored project applications (proposals) submitted to and/or awards received from PHS agencies, any reimbursed or sponsored travel (i.e., travel that is paid on behalf of the Investigator and not reimbursed to the Investigator so that the exact monetary value may not be readily available), provided that the travel is not reimbursed or sponsored by a federal, state or local government agency, an institution of higher education as defined at 20 U.S.C. 1001(a), an academic teaching hospital, a medical center or a research institute that is affiliated with an institution of higher education.

Significant Financial Interest does not include:

  • An Employee's salary, royalties or other remuneration received from the University and/or the Purdue Research Foundation, or, in the case of Investigators who are not Purdue Employees, salary, royalties or other remuneration from their primary employer.
  • Income from seminars, lectures or teaching engagements sponsored by a federal, state or local government agency or an institution of higher education as defined at 20 U.S.C. 1001(a), an academic teaching hospital, a medical center or a research institute that is affiliated with an institution of higher education.
  • Income from service on advisory committees or review panels for a federal, state or local government agency or institution of higher education as defined at 20 U.S.C. 1001(a), academic teaching hospital, medical center or research institute that is affiliated with an institution of higher education.
  • Income from investment vehicles, such as mutual funds and retirement accounts, as long as the Investigator does not directly control the investment decisions made in these vehicles.
  • For Investigators who are not University Employees, any ownership interest in their primary employer held by the Investigator.


Integrity

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Contact Information

Howard Zelaznik
Phone: 49-63824

Voichita Dadarlat
Phone: 49-61763