The UM Regents Policy on Business or Financial Conflict of Interest is written to be in compliance with:
All of the above
Answer: (e) All of the above
Which of the following sources of income is exempt from disclosure on your AREPA?
$12,000 annual consulting income from a company that sponsors your research
10% ownership by your daughter of a business that sponsors your research
$5,000 annual anticipated royalties from a company that sponsors your research
$20,000 annual royalties from a company that used to sponsor your research, but no longer does
Answer: c and d
Conflicts of interest are allowed if a suitable management plan can be developed
False: While potential conflicts are common, they must be managed to avoid actual conflicts of interest, which are always forbidden.
Relevant financial or business interests must be disclosed to a journal when submitting a paper.
Relevant financial or business interests must be disclosed to a federal agency when submitting a grant.
Relevant financial or business interests need not be disclosed to department head and dean when submitting a PRF (BA23) for a research grant, until the application is funded
False. Disclosure is required at the time of submission.
If you take on a new consulting agreement (for more than 1 day/month) in mid-year, you need not disclose it on your Request for Consultant or Outside Services Agreement (Form 14) until the beginning of the next year.
False. Proposed consulting agreements must be disclosed and agreed to by the department head before they are taken on.
So long as the relationship is disclosed, an employee can specify purchases from a company in which the employee has a financial or business interest
False. This is prohibited by Minnesota Statute as well as Regents Policy. Purchasing specifications and decisions in such cases must be made by neutral, uninvolved parties.
You and your spouse are both physicians. You work at the UM, your spouse has a private practice. Can you refer a patient to your spouse's practice?
No, unless the medical service is not available from other sources, and you disclose your interest.