Ohio Administrative Code › Title 3342 - Kent State University › Chapter 3342-3 - Administrative Policies Regarding Academic Requirements › Section 3342-3-07.1 - Administrative policy on financial interest in sponsored projects

Current through all regulations passed and filed through July 1, 2024
(A)
								Purpose. In accordance with state and federal
			 regulations, the university is required to manage, reduce or eliminate any
			 actual or potential conflicts of interest that may be presented by a
			 significant financial interest of an investigator. Thus, the university
			 requires that investigators disclose all significant financial interests that
			 may present an actual or potential conflict of interest in relation to a
			 sponsored project, as defined in rule 3342-3-04.1 of the Administrative Code.
			 These requirements apply to all recipients of subawards.
(B)
								Definitions.
(1)
									"Confiict of interest" occurs when the relationship
			 between an individual's private interests and his or her professional
			 obligations to the university is such that an independent observer might
			 reasonably question whether the individual's professional actions or decisions
			 are determined by considerations of personal gain, financial or otherwise. An
			 "actual" confiict of interest depends on the situation and not on the character
			 or actions of the individual.
(2)
									"Investigator"
			 means the principal investigator/project director, co-principal investigator,
			 and any other person who is responsible or involved in the design, conduct, or
			 reporting of research, instructional or service activities funded, or proposed
			 for funding, by an external sponsor. For the purposes of the requirement
			 relating to financial interest, investigator includes spouses and dependent
			 children.
(3)
									"Project" means any externally funded scholarly
			 activity such as basic, applied, or developmental research, instructional or
			 curricular activities, student aid, career development, or other activity
			 conducted by facult or staff members on behalf of the
			 university.
(4)
									"Significant financial interest" means anything of
			 monetary value or potential monetary value held by an investigator (and by the
			 Investigator's spouse and dependent children! and that reasonably appears to be
			 related to the investigator's institutional responsibilities, as follows:
(a)
										With regard to
			 any publicly traded entity, remuneration received from the entity in the twelve
			 months preceding the disclosure and the value of any equity interest in the
			 entity as of the date of disclosure, when aggregated, exceeds ten thousand
			 dollars
										(for PHS funded research, this amount is
										five
			 thousand dollars). For purposes of the definition of significant financial
			 interest, remuneration includes salary and any payment for services not
			 otherwise identified as salary (e.g., consulting fees, honoraria, paid
			 authorship! equity interest includes any stock, stock option, or other
			 ownership interest, as determined through reference to public prices or other
			 reasonable measures of fair market value.
(b)
										With regard to
			 any non-publicly traded entity, the value of any remuneration received from the
			 entity in the calendar year preceding the disclosure, when aggregated,
			 exceeds
										ten thousand dollars (for PHS funded research, this amount
			 is
										five thousand dollars) or any equity interest (e.g., stock,
			 stock option, or other ownership interest): or
(c)
										Intellectual
			 property rights and interests (e.g., patents, copyrights! upon receipt of
			 income related to such rights and interests: or
(d)
										A position giving
			 rise to a fiduciary duty, such as director, officer, partner, trustee,
			 employee, or any position of management.
(e)
										For Investigators
			 applying for or conducting research funded by the PHS. any reimbursed or
			 sponsored travel (i.e., travel is paid on behalf of the investigator and not
			 reimbursed to the investigator so that the exact monetary value may not be
			 readily available) related to the Investigator's institutional
			 responsibilities. Disclosure of this interest will include the purpose and
			 duration of the trip, the identity of the sponsor/organizer, and the travel
			 destination.
(5)
									"Financial conflict of interest" (FCOI) means a
			 significant financial interest that is related to proposed university research
			 (i.e., the interest reasonably appears to be affected by the research or is in
			 an entity whose financial interest reasonable appears to be affected by the
			 research) and that could directly and significantly affect the design, conduct,
			 or reporting of research.