Compliance Certification Report

3.2.3
The board has a policy addressing conflict of interest for its members. (Board Conflict of Interest)
√ Compliant
Partially Compliant
Non-Compliant
Narrative:
The University of Texas System policy regarding conflict of interest for its members is set out in the Regents' Rules and Regulations, which state that state officers or employees may not have a direct or indirect interest, or engage in a business transaction or professional activity, or incur any obligation of any nature that is in substantial conflict with the proper discharge of the officer’s or employee’s duties in the public interest. According to the Rule, all employees must adhere to the laws, rules, regulations, and policies of applicable governmental and institutional authorities and the standards of conduct referenced in such rule. The failure to do so may be grounds for disciplinary action, including termination (1).

State law forbids state officers or employees from accepting or soliciting gifts, favors, or services that might reasonably tend to influence them in the discharge of official duties, accept employment or engage in a business or professional activity that might induce them to disclose confidential information, accept other employment or compensation that could reasonably be expected to impair their independence of judgment, make personal investments that could reasonably be expected to create a substantial conflict between their private interest and the public interest, or intentionally or knowingly solicit, accept, or agree to accept any benefit for having exercised their official powers or duties in favor of another (2).
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Source
1
Regents' Rules and Regulations, Series 30104, Conflict of Interest
www.utsystem.edu/bor/rules/30000Series/30104%202004%2012%2010%2001.pdf
2
Texas Government Code, Chapter 572, Personal financial Disclosure, Standards of Conduct, and Conflict of Interest, Section 572.051, Standards of Conduct
http://tlo2.tlc.state.tx.us/statutes/gv.toc.htm