Repository: UIHistories Project: Board of Trustees Minutes - 1970 [PAGE 25]

EXTRACTED TEXT FROM PAGE:

1968]

UNIVERSITY OF ILLINOIS

25

II. Standards of Conduct Relative to Economic Interests A. The following standards of conduct are established by this Code r 1. No employee, in order to further his own economic interests or those of any other person, shall disclose or use confidential information acquired by reason of his employment. The term "confidential information" means information not publicly announced or released concerning the following matters at the employing institution, and such other matters as the respective governing boards may designate from time to time: anticipated material requirements or price actions; possible new sites for institutional operations; forthcoming programs and enrollment changes; and contract awards. 2. An employee shall not seek or accept any offer of personal advantage which might reasonably be interpreted as an attempt to influence his official conduct. Such personal advantage may be gifts, loans, contracts, advances, discounts, services or accommodations, financial or other, not customarily available to other persons on similar terms and conditions in the ordinary course of business or academic affairs. III. Disclosure of Economic Interests and Conflict Situations A. The respective governing boards of the State-operated institutions of higher learning shall designate those employees in key administrative or other positions who shall file with said governing boards written disclosures of economic interests and conflict situations relating to the performance of official duties by such employees. Disclosures so filed shall be retained by the respective governing boards. Such disclosures may include, but need not be limited to, the following: 1. A list of economic interests of the employee making the disclosure and of members of his immediate family (spouse and minor children living with him), whether in the form of stocks, bonds, realty, equity or creditor interests in proprietorships or partnerships, or otherwise. Exempt from disclosure a r e : (a) interests in the form of accounts in banks and savings and loan associations (b) in the case of equity interests, interests valued at less than $5000 and representing less than 5% of the total equity interests in the entity. 2. A list of every office, directorship and salaried employment of the employee making the disclosure and of members of his immediate family (spouse and minor children living with him). However, offices, directorships and salaried employments in political, religious, charitable and educational entities unrelated to his employing institution need not be reported if compensation of less than $1000 per year is being received. 3. A list of all entities with substantial economic interests, distinct from that of the general public, in matters likely to come before the employee making the disclosure in his official capacity, to whom he furnished compensated services valued at such amount as determined by the governing board. 4. A list of other interests which could create serious conflicts of interest, if so determined by the governing board. The governing board may also require disclosure of conflict situations as they arise, if it determines that previous disclosure of interests is insufficient. 5. The value of any interest required to be reported under this Article I I I need not be disclosed. Any entity required to be reported need not be identified by name. Such entity may be identified by the principal type of economic activity in which it engages, together with such additional detail, to be prescribed by the governing board, as will fairly indicate its interests before the institution. B. The respective governing boards shall prescribe the times for initial and subsequent filings of the disclosure statements. I V . Administration and Enforcement A. By virtue of the authority conferred upon them by statute, the respective governing boards shall promulgate rules for the administration and enforcement of this code. They shall also establish procedures to provide guidance to employees subject to this code, with reference to the matters covered by the code, B. The respective governing boards of State-operated institutions of higher learning shall file all rules, regulations and procedures promulgated as to this code with the Board of Higher Education.