Conflict of Interest
The Office of Compliance, Policy, and Risk Management oversees Conflict of Interest disclosures, policy and training. On this page, you will find information about what Conflict of Interest is, what the disclosure requirements are, and where you can get more information. If you still have questions, you can contact us at compliance@mines.edu.
What is Conflict of Interest?
A Conflict of Interest (COI) exists when an employee’s personal or financial interests impact or interfere with their professional responsibilities or judgment. A COI can also involve a member of an employee’s Immediate Family. When an employee or their Immediate Family stands to improperly benefit financially from the employee’s position at Mines, the potential for a conflict arises and the employee needs to take appropriate steps to mitigate the Potential Conflict of Interest and avoid an Actual Conflict of Interest.
Generally, COIs can be avoided or controlled through appropriate disclsoure and implementation of a Management Plan.
What is Conflict of Commitment?
A Conflict of Commitment (COC) exists when an employee’s external commitments or activities substantially interfere with the employee’s ability to satisfy their Institutional Responsibilities and commitments to Mines. A COC is a type of COI that relates specifically to an employee’s time.
Often times, COCs can be effectively managed through appropriate disclosure and seeking approval from the employee’s supervisor.
Capitalized words are defined terms. You can find the definitions in the FAQ’s or the Policy.