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Conflict of Interest Policy

The University of Richmond recognizes and encourages employee involvement in private enterprise. However, certain business or personal arrangements or employment opportunities may result in a conflict of interest between the University and the employee.

A conflict of interest may take various forms. It begins when an employee is or may be in a position to influence the University's business or research, or make decisions in ways that could lead to any form of personal gain (financial or otherwise) for the employee or others associated with that University employee, as defined below.

No University employee shall participate in the selection, award, or administration of a contract or transaction if a real or apparent conflict of interest is involved. Such conflict is present when an employee; any member of his or her immediate family; or an organization which employs, or is about to employ, any of the parties indicated above, has a financial or other interest in the firm selected for the award.
It is the responsibility of an employee to disclose to his or her supervisor, department head, or appropriate University official, any possible conflict of interest at the earliest possible time. Failure to disclose conflicts of interest is a serious matter.

The basic standard for dealing with conflicts of interest is simple: if you believe a conflict of interest exists, then treat the situation as if a conflict does exist until you have disclosed and resolved the potential conflict with your supervisor, manager, director, or Human Resources.

If you are aware of a potential conflict please contact Human Resources at urhr@richmond.edu or 289.8747 or contact the compliance helpline HERE.  

For full text of the University’s Conflict of Interest Policy see:  HERE

For full text of the University’s Policy on Research Conflict of Interest see:  HERE

View the full policy