Employees reminded to disclose conflicts of interest
UNIVERSITY PARK, Pa. -- In accordance with its bylaws, the Penn State Board of Trustees annually notifies the University community of the policy for disclosure of potential conflict of interest by employees:
The University's standards are as follows:
Employees of the University shall exercise the utmost good faith in all transactions touching upon their duties to the University and its property. In their dealings with and on behalf of the University, they shall be held to a strict rule of honest and fair dealings between themselves and the University. They shall not use their positions, or knowledge gained therefrom, in such a way that a conflict of interest might arise between the interest of the University and that of the individual. Employees shall disclose to the administrative head of the college or other unit in which they are employed, or other appropriate superior officer, any potential conflict of interest of which they are aware before a contract or transaction is consummated.