Significant Financial Interest Policy Term Definition


A covered individual’s disclosure statement must include the following information about the covered individual and covered family members, but only in regard to interests that reasonably appear to be related to the individual’s institutional responsibilities:

  1. From a Publicly-Traded Entity: the total amount and source of payments received in the preceding twelve (12) months from a publicly-traded entity and the value of any equity interest held in the entity on the date of disclosure, including: (a) salary or other payments for services such as consulting fees, honoraria, or paid authorship; and (b) equity interests held, including stock, stock options, or other ownership interest or entitlement to such an interest, valued by reference to public prices or other reasonable measures of fair market value.
  2. From a Non-Publicly Traded Entity: the total amount and source of payments received in the preceding twelve (12) months from a non-publicly traded entity and a description of any equity interest held in the entity on the date of disclosure, including: (a) salary or other payments for services such as consulting fees, honoraria, or paid authorship; and (b) equity interests held in any amount, including stock, stock options, or other ownership interest or entitlement to such an interest.
  3.  Travel:  any reimbursed or sponsored travel provided in the preceding twelve (12) months. The disclosure of travel must include the purpose of the trip, the identity of the sponsor/organizer, the destination, the duration, the value, and whether a Covered Family Member accompanied the Covered Individual on the trip. The Conflict of Interest Official may request further information about a Covered Individual’s travel, including the monetary value of the travel, in order to determine whether the travel constitutes a RCOI.

(NOTE – There is a $5,000 threshold in 1-3 above that is only relevant for determination of whether the interest is a Significant Financial Interest.  For purposes of disclosure, there is a $0 threshold.  Therefore, covered individuals shall disclose any payments that reasonably appear to be related to the individual’s institutional responsibilities, regardless of dollar amount.)

 

  1. Intellectual Property and Royalties:  a description of intellectual property rights held and any agreements to share in royalties related to those rights; and the amount and source of royalty income that the Covered Individual or Covered Family Member received or had the right to receive in the preceding twelve (12) months.
  2. Gifts: the value and source of a single gift that the Covered Individual received in the preceding twelve (12) months that exceeds $250 in value, or multiple gifts from a single entity that in the aggregate exceed $250 in value, other than gifts from a Covered Family Member, or close personal friend with whom the Covered Individual has an independent relationship unrelated to his/her status or work at UTMB.
  3. Fiduciary Positions: service as an officer, director, or fiduciary for a for-profit or nonprofit entity in the preceding twelve (12) months for which the Covered Individual received any sort of compensation, salary, or payment for expenses, and the name and principal address of the entity.

NOTE – Some of the interests described above require Covered Individuals to seek and acquire prior approval before engaging in the activity.  Others allow covered individuals to update their disclosure statements within 30 days of acquiring the interest.  Please consult IHOP 6.5.3 - Individual Conflicts of Interest, Conflicts of Commitment, a

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