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Attachment RESOLUTION TO APPROVE REVISION TO POLICY 13010 INDIVIDUAL CONFLICTS OF INTEREST AND COMMITMENT WHEREAS, Virginia Tech must make disclosure requirements clear to protect the university and
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Identify any potential conflicts of interest
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Disclose all conflicts of interest accurately and honestly
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Document any mitigation strategies put in place to address conflicts of interest

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Conflicts of interest occur when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation for an act in the other interest.
Individuals holding positions of authority or responsibility within an organization, such as directors, officers, and employees, are typically required to file conflicts of interest.
Conflicts of interest forms usually require individuals to disclose any financial interests, relationships, or activities that could potentially influence their decision-making.
The purpose of conflicts of interest forms is to ensure transparency, integrity, and accountability in decision-making processes.
Information such as financial interests, relationships with vendors or suppliers, ownership interests in other companies, and outside employment must be reported on conflicts of interest forms.
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