Conflict of Interest

Policy Statement:

It is the policy of the College that its relationship in transactions with individuals and organizations outside the College be conducted at all times on a highly ethical and arms-length basis. To this end, the prime consideration must be in the best interest of the College. Consequently, decisions made in conducting such relationships and transactions must not be influenced by self-interest on the part of a board member, officer or employee who is actually or potentially in conflict with the interest of the College. In addition, the administration will adopt and implement further, specific conflict of interest related policies and procedures as required by regulatory agencies.

Scope:

This policy applies to all employees of the College and its Board of Trustees.

Provisions:

In order that conflicts of interest may be avoided, circumstances actually or potentially involving such conflict should be promptly and fully disclosed to the College's Vice President for Business Operations, who will accumulate such disclosures for review by the Finance Committee of the Board. (This requirement of disclosure exists at all times independent of the periodic distribution of questionnaires concerning conflict of interest).

It should be realized that every type or source of conflict of interest cannot possibly be outlined in this policy; however, a conflict of interest exists, and should be reported, where a person uses or authorizes the use of the authority or influence derived from his/her office or employment with the College to secure anything of value or the premise or offer of anything of value that is of such a character as to manifest a substantial and improper influence upon him/her with respect to his/her duties. No College official or employee shall solicit or accept anything of value that is of such a character as to manifest a substantial and improper influence. Any direct or indirect personal benefit from any business transaction with or on behalf of the College, other than regular College compensation, should be reported.

All officials and employees of the College will be provided with a complete copy of applicable Ohio ethics laws. These laws, Ohio Rev. Code Chapter 102 and Ohio Rev. Code 2921.42 and 2921.43 must be adhered to in the conduct of any duties related to employment with the College. Extra copies of these statutes are available in the Office of Human Resources.

Responsibility:

All employees and members of the Board of Trustees shall be knowledgeable of the provisions of this policy and adhere to them.

The Vice President of Business Operations shall have ultimate responsibility for the application of this policy.

The Office of Human Resources shall maintain copies of the governing statutes as referenced herein.

References and Related Policies:

Ohio Revised Code, Chapter 102

Ohio Revised Code, Sections 2921.42 and 2921.43