||Board of Directors
|Date of Approval:
Reviewed June, 2012
|Date of Last Revision:
|Next Review Date:
See Policy Standards/Procedures below
Reason for Policy/Purpose
Who Needs to Know this Policy
Board of Directors, President and Vice Presidents
Website Address for this Policy
For more information about this policy please contact President’s Office at (509) 865-8600.
A. Participation in Board Decisions
A Director shall fully disclose to the Board the existence of any personal financial interest the Director has in any matter which comes before the Board or a Committee of the Board for discussion or action, and shall otherwise comply with all provisions of Washington State law regarding disclosure of conflicts of interest by corporate directors. The same policy is applicable to senior Administrators (i.e. President and Vice Presidents).
B. Contracts with the University
A Director shall not solicit or enter into any contract or agreement, either – oral or written, with the College which involves a monetary consideration moving to the Director, or a member of the Director’s household or any business owned or controlled by the Director and/or members of the Director’s household, aggregating in excess of $5,000.00 over the expected term of the agreement unless:
1. There has bee a full disclosure of the Director’s financial interest in said
2. The transaction has been approved by the Executive Committee.
C. Employment by the University
A Director shall not solicit, apply for or accept employment with the University while continuing as a Director unless the Executive Committee of the Board has waived this prohibition by the affirmative vote of at least 2/3rds of the members of the Executive Committee.
D. Bid Solicitations by the University
Nothing in this policy shall prohibit a Director, or any business owned or controlled by a Director or a member of Director’s household, from submitting a response, estimate or bid to the University in response to a request for proposals, estimates or formal bids made by the University to the public generally or on an invitation basis, provided the policy established by “A” above is strictly observed.
Conflict of Interest Form
Related Policies and Resources
Conflict of Interest
Reviewed June 2012