Conflict of Interest Policy
Approved by the ASI Board of Directors
Per BD 074-94, May 31, 1994
Purpose: This policy is, and will be in effect in order to define a procedure that will act as a safeguard against a conflict of interest that might occur at some future point in time between Associated Students, Incorporated (ASI) personnel, or program and an external entity.
Scope: This policy applies to all ASI personnel, positions, office holders, appointees, volunteers, employees, and corporate members who hold an official ASI position or operate in any capacity for or in the name of ASI.
1. Date of effectiveness:
This policy shall take effect upon a two-thirds (2/3) vote of the ASI Board of Directors (BOD) after review by the Rules Committee.
This policy may be amended by a two-thirds (2/3) vote of the ASI BOD after review by the Rules Committee.
3. Content of the Conflict of Interest Policy:
a. Directors, Officers, and employees or programs shall exercise their powers in good faith and with a view to the interest of ASI, therefore subordinating their individual and private interest to their duty with ASI whenever the two parties conflict.
b. No elected official, officer, appointee or employee shall engage in any enterprise or activity which shall result in any of the following:
(1) Using the prestige or influence of ASI office or employment for private gain or advantage of himself/herself or another.
(2) Receiving or accepting, directly or indirectly, any gift or favor from anyone doing business with ASI under circumstances from which it could be reasonably inferred that such was intended to influence him/her in his/her official employment or duties, or as a reward for official action.
(3) Using time, facilities, equipment or supplies of ASI for the private gain or advantage of himself/herself or another.
c. Any ASI elected or appointed official finding himself/herself in a potential conflict of interest situation should abstain on any vote taken by the ASI BOD, or other ASI entity, on the issue(s) which placed the member in conflict.