Date of Last Update
- President's Cabinet
Legal, Compliance & Risk Management
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Conflict of Interest Policy
In the pursuit of its mission, Grand Valley State University through its Board of Trustees, President’s Cabinet, faculty, staff and other representatives operates with the highest level of ethical behavior including, but not limited to, acting with integrity, reasonableness and fairness in our dealings, and avoiding bias or undue influence. Consistent with these values, the Board of Trustees has adopted institutional policies for identifying and managing potential, actual and perceived conflict of interest situations:
- Grand Valley State University Board of Trustees' Policies BOT 4.1.6: Conflict of Interest
- Employment. Appointment of any relative of a faculty or staff member must be approved by the president in advance of the appointment in order to insure that no conflicts of interest exist. Each appointing officer must insure that no conflicts of interest exist in matters of appointment, retention, promotion, termination, assignment or other conditions of employment for relatives of faculty or staff members within his or her unit.
- Financial. It shall be the responsibility of the president (or his/her designee) to insure that conflicts of financial interest do not occur, and to take such steps to protect the university as seem to be required. The university respects the rights of its faculty and staff members in their activities outside their employment, which are private in nature and which in no way conflict with or reflect upon the university.
Political Candidates or Office Holder. The
university affirms the rights of its faculty and staff members as
citizens to be active in political affairs, which do not conflict
with the professional standards and ethics of their employment. It
shall be the responsibility of the president (or his/her designee)
to ensure that conflicts involving professional standards and ethics
do not occur with Grand Valley State University faculty and staff
members who are political candidates or office holders, and to take
such steps to protect the university as may be required
- Grand Valley State University Board of Trustees' Policies, 6.16: Economic Development
Consistent with its public service mission, the University has a responsibility for supporting the economic development of the state, particularly west Michigan through a variety of initiatives including but not limited to the Van Andel Global Trade Institute, the West Michigan Science and Technology Initiative through the Grand Rapids SmartZone and the Muskegon SmartZone. These efforts will involve the development and commercialization of intellectual property using University resources, which may result in royalty or ownership interests for the benefit of the University. In compliance with MCL 15.321 et. seq, the President must review any conflict of interest and authorize such activities as may be deemed necessary when the University is an interested party in the joint development or commercialization of intellectual property with any employee of the University or a business in which the University employee has an equity interest. The President shall report his/her approval of such conflicts, including a summary of the issues and the rationale for his/her decision, at the next regularly scheduled board meeting, and shall make an annual report of all such conflicts.
In addition to the policy obligations described above, the University requires compliance with procedures to avoid or address conflicts of interest as provided by the following offices:
Refer to the Procedures for Conflicts of Interest table.