Conflict of Interest

AuthorCheryl Foy
 
Conf‌lict of Interest
is concept is poorly understood, and sometimes people’s self-interest is
such that it aects their ability to see that they are in a conict. Most uni-
versities have a conict-of-interest policy and procedure. You should make it
a priority to be familiar with these documents. A conict of interest is sim-
ply something that aects your ability to objectively make a decision that
considers only the best interests of the university because you may derive a
personal benet from that decision. I think of conicts of interest as things
that cloud our judgment and get in the way of our ability to put the uni-
versity rst. Making a decision while in a conict of interest may result in a
poor outcome for the university, and will most certainly aect perceptions
of your integrity as a board member. However, remember that you are on a
board to make decisions. It is one of your key responsibilities. As such, be
sure to understand conicts of interest and do not declare one lightly.
University boards are sometimes described as “stakeholder boards”
because every university board includes board members selected from
stakeholder groups such as faculty, sta, students, and alumni, among
others. is stakeholder composition is one of the unique elements of uni-
versity governance discussed in more detail in Chapter . e inclusion of
internal members on the university board makes it yet more important to
understand conicts of interest and have a robust and consistently applied

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