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LCOOCC  Policy and Procedures

Click HERE to view the form associated with this policy.   

 
GENERAL STATEMENT
All decisions made in the course of their professional responsibilities by members of the Board of Regents, administrators, faculty, and other employees of Lac Courte Oreilles Ojibwa Community College (LCOOCC) are to be made solely on the basis of a desire to promote the best interests of the College. A potential conflict of interest occurs when an individual's personal or private interests might lead an independent observer reasonably to question whether the individual's professional actions or decisions are influenced by considerations of significant personal interest, financial or otherwise.

 In the event that a Regent, faculty member, administrator or other employee of LCOOCC has/shall have a significant financial, personal or professional interest that could potentially create a conflict of interest, or the perception of one, in any transaction involving LCOOCC or being considered by LCOOCC, as soon as he or she has knowledge of the transaction, take the following actions:

 Disclosure. Disclose fully in writing the precise nature of his or her interest in such transaction to the president of LCOOCC; and  

Non-Participation. Refrain from participation (including acting individually or as a member of a committee or other group) in the College's consideration of the proposed transaction unless expressly permitted to do so, in writing, by the president of LCOOCC.

“Significant financial interest” shall mean any direct or indirect interest with monetary value, including but not limited to:

a. salary, other payments for services (e.g., consulting fees or honoraria), royalties or other payments that, when aggregated for the individual and the individual's spouse and dependent children over the next twelve months, are expected to exceed $10,000; and/or

b. equity interests (e.g. stocks, stock options or other ownership interests) that, when aggregated for the individual and the individual's spouse and dependent children, either exceeds $10,000 in value (as determined through reference to public prices) or represents more than five percent (5%) ownership interest in any single entity.

Employees Engaged in Externally-Sponsored Programs

Employees serving as senior personnel (generally those employees represented by name/title on a grant application) on any externally sponsored activity must disclose to the Director of Sponsored Projects on disclosure forms provided by the Director, all significant financial interests (including those of their spouse and dependent children) that would reasonably appear to affect or be affected by the sponsored activity. Senior Personnel may choose to disclose any other financial or related interest that could present an actual or perceived conflict of interest. Any such disclosure should provide sufficient detail to permit an accurate and objective evaluation. Such disclosure forms must be completed and submitted before the contract or grant application is submitted, and the disclosure must be reviewed to determine if further action is required before LCOOCC expends any awarded funds or issues a purchase order or subcontracts for the acquisition of goods and/or services related to that project.

 Such disclosure forms must be updated at least annually or more frequently, if new reportable information is obtained during the period of an award.

Compliance

All persons subject to this policy are expected to comply fully and promptly with it. Instances of deliberate breach of policy, including failure to file or knowingly filing incomplete, erroneous, or misleading disclosure forms, violation of the guidelines, or failure to comply with prescribed monitoring procedures, will be reported to the college president for appropriate action.

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