In the January meeting of the UM System Board of Curators, a resolution was passed requiring all curators to report any conflicts of interest or business involvements with the UM System by May 15. The information will be reviewed at the curators’ May meeting.
According to the resolution, any activity in 2005 in which a curator or any family member — such as a parent or child — was financially involved with the university, or in which curators or their family members were paid by the university, must be submitted for review.
According to Curator John Carnahan of Springfield, the board is trying to implement policy for future conflicts of interest.
“What we’re trying to do is to have the policy in place to know how to do it,” Carnahan said.
The policy would also apply to any curators’ family members employed by the university because the university pays that family member.
“It wouldn’t be a good idea for my wife to be a professor while I’m on the board,” Carnahan said.
A committee will be appointed to create a conflict of interest policy and a code of ethics that will also be discussed at the May meeting.