OHSU

Glossary

Institutional Conflict of Interest Disclosure

Business - (verb, e.g., to do business): Any patient care, research, teaching, or similar OHSU activities; purchasing of goods and/or services for the provision of OHSU activities; contracting or attempting to contract for the provision of goods and/or services to be used in OHSU activities.

Entity - Any corporation, partnership, sole proprietorship, limited liability company, limited liability partnership, firm, franchise, association, organization, holding company, joint stock company, receivership, business or real estate trust, or any other legal entity organized for profit or charitable purposes, but excluding OHSU, any affiliated hospital, any private medical practice, or any other entity controlled by, controlling, or under common control with OHSU.

Executive Position - Any position which includes responsibilities for a material segment of the operation or management of a business. This would include a position on a Board of Directors.

Significant Financial Interests - include the following interests of the OHSU executive (and his or her spouse and dependent children):

  • Equity interest or entitlement to equity (e.g. stocks, stock options, warrants, contractual rights to acquire or receive ownership interests other than interests in a diversified mutual fund) of any amount in a non-publicly traded company.
  • Equity interest or entitlement to equity of >$10,000 or 5% ownership interest of a publicly traded company.
  • Compensation (anything of monetary value) totaling >$10,000 in the prior 12 months or are expected to exceed >$10,000 in the next 12 months from any one entity.
  • Royalty income or the right to receive future royalties under a patent license or copyright agreement with the entity.
Exceptions: Significant financial interests do not include the following:
  • Salary and other payments for services from the institution, including approved faculty practice plan earnings and the distribution of those earnings that may be established by departmental or other similar agreements provided that those agreements and departmental/divisional group plans are approved by the President.
  • Income from seminars, lectures, or teaching engagements sponsored by public or nonprofit entities.
  • Income from service on governmental and not for profit advisory Board of Directors, (including scientific and technical groups) commissions, committees of professional associations related to the employee's work and consultations with persons in other governmental agencies or not for profit organizations on matters of mutual interest to the entity and OHSU.

Immediate Family Member - spouse or domestic partner and any children, brothers, sisters, or parents of the person disclosing or of the discloser's spouse.