Conflict of Interest Policy – Duty
Board of Regents, State of Iowa ("Board"), recognizes that
members of the Board, employees of the Board, and employees of
institutions governed by the Board, are required to comply with Iowa
Code § 68B.2A: Conflicts of Interest. To further enhance the
credibility and accountability of the Board, the Board requires that
all Regents and institutional officials promote at all times the
best interests of the Board and its institutions consistent with
policies, rules, regulations, and laws governing the Board, academic
institutions, and academic freedom. The duty of loyalty
requires Regents to exercise their powers and duties in the
interests of the Board and its institutions and not in the Regent’s
own interest or in the interest of another person or organization.
Regents and institutional officials must endeavor to remain
free from the influence of, or appearance of, any conflicting
interest in acting on behalf of the Board or a Regent
institution. Actual or potential conflicts of interest for a
Regent or institutional official may arise from the interests of the
individual or the individual's spouse, significant other, or a
family member. Such interests may include, but are not limited
to, employment, ownership of, or service on, the board of directors
of an organization that has or may have relationships with the Board
or a Regent institution.
Each Regent shall disclose on an annual basis any interests that may
create an actual, potential or perceived conflict of interest and
shall supplement the disclosure as new interests may appear. A
management plan shall be developed for disclosed conflicts.
For some interests, disclosure alone may be sufficient. Others
may require recusal from participation on certain matters, or, in
very unusual situations, divestiture of the interest or resignation
from a conflicting position.
institutions shall have Conflict of Interest policies in place for
institutional employees not subject to this policy.
Such institutional policies shall not be inconsistent with
By its requirement that there be a student member of the Board, the
Legislature is deemed to have determined that a student's interest
in Board determinations of tuition policy and the like do not
constitute an impermissible conflict of interest.
following procedure shall be followed in the event a question arises
within the Board of Regents regarding a conflict of interest:
1. In all
instances where a Regent has a question as to whether he or she may
have a conflict of interest in a specific matter, such question
shall be referred to the Office of the Attorney General of the State
of Iowa for determination, and the Board member shall act in
accordance with that determination.
2. If a Regent
has a question about whether another Regent has a conflict of
interest on a specific matter, the procedure noted above shall be
followed, and the Regent having the alleged conflict shall be
notified about the question at the time it is referred to the Office
of the Attorney General.
3. No Regent
shall have access to any information not available to the public
submitted by any person or entity (the “Proposing Person or
Entity”) where such Regent has an interest, direct or indirect, in
any entity which proposes to offer a product or service (regardless
of whether competitively bid) which would compete with the product
or service being offered by the Proposing Person or Entity.
In the event of any dispute concerning the foregoing, the
matter shall be referred to the Office of the Attorney General.