Send Feedback
 
ORA FAQs
What is "significant financial conflict of interest"?

A “financial interest” is:

• anything of monetary value, whether or not the values is readily ascertainable, including but not limited to, salary, commissions, consulting fees, honoraria, equity interests, interests in real or personal property, dividends, royalties, rent, capital gains, intellectual property rights, and forgiveness of debt other than:

• Compensation from Indiana University;
• Income from seminars, lectures, or teaching engagements sponsored by a federal, state, or local government agency, an Institution of higher education as defined at 20 U.S.C. 1001(a), an academic teaching hospital, a medical center, or a research institute that is affiliated with an Institution of higher education;
• Income from service on advisory committees or review panels for a, federal, state, or local government agency, an Institution of higher education as defined at 20 U.S.C. 1001(a), an academic teaching hospital, a medical center, or a research institute that is affiliated with an Institution of higher education; or,
• An interest arising solely by means of investment in a mutual, pension, or other institutional investment fund where the Investigator does not exercise control over the management and investments of such fund.

A "financial interest" is a "significant financial interest" if at the present time OR over the past 12 months, and when aggregated for the employee and the employee’s Family Members, meets one of the following tests:

• With regard to any publicly traded entity, it is the value of any remuneration received from the entity in the twelve months preceding the disclosure and the value of any equity interest in the entity as of the date of disclosure, when aggregated, the value of which exceeds $5,000 from one enterprise or entity;

• With regard to any non-publicly traded entity, it is the value of remuneration received from the entity in the twelve months preceding the disclosure, when aggregated, exceeds $5,000, or when the Investigator holds any equity interest;

• Intellectual property rights and interests totally $5,000 or more, upon receipt of income related to such rights and interests;

• Salary, remuneration, reimbursed or sponsored travel or similar payments which exceed, or are expected to exceed $5,000 within any one-year period, when aggregated for the member and his or her Family Members

Note: Investigators need not disclose travel that is reimbursed or sponsored by a US federal, state, or local government agency, a US Institution of higher education as defined at 20 U.S.C 1001(a), a US academic teaching hospital, a US medical center, or a US research institution that is affiliated with a US Institution of higher education.


« Return to previous FAQs page