Conflict of Interest may exists when any of the following are present:

• often termed as "self-dealing," this is the situation in which an official who controls an organization causes it to enter into a transaction with the official, or with another organization that benefits the official. The official is on both sides of the "deal."

• Outside employment, in which the interests of one job contradict another,

• Family interests, in which a spouse, child, or other close relative is employed (or applies for employment) or where goods or services are purchased from such a relative or a firm controlled by a relative. For this reason, many employment applications ask if one is related to a current employee. If this is the case, the relative could then recuse from any hiring decisions.

• Gifts from friends who also do business with the person receiving the gifts. (Such gifts may include non-tangible things of value such as transportation and lodging.)

• Pump and dump, in which a stock broker which owns a security artificially inflates the price by "upgrading" it or spreading rumors, sells the security and adds short position, then "downgrade" the security or spread negative rumors to push the price down.
  

• any SFI of the investigator that would reasonably appear to be affected by the research or educational activities funded, or proposed for funding, by and external sponsor; or

• any SFI of the investigator in an entity whose financial interest would reasonably appear to be affected by the research or educational activities funded or proposed for funding by an external sponsor.

• ensure that all named investigators sign appropriate proposal forms (see ULM proposal routing checksheet) thereby certifying  of reading and understanding, and that each individual and their family has complied with the disclosure requirement;

• ensure that all other persons, otherwise not named on Proposal Routing and Approval (PRAF) accompanying forms, that are responsible for the design, conduct and reporting of the project have been informed of their obligation to declare any relevant SFI to ULM prior to proposal submission.

Immediate family members - Louisiana Revised Statute (R.S.) 42:1102(13)

"Significant financial interest" - means anything of monetary value, including, but not limited to, salary or other payments for services (e.g. consulting fees of honoraria); equity interests (e.g. stocks, stock options or other ownership interests); and intellectual property rights (e.g. patents, copyrights and royalties from such rights). Excluded are:  salary, royalties or other remuneration from ULM; income from seminars, lectures, speaking engagements or from service on advisory committees or review panels provided to nonprofit or public entities; financial interests in business enterprises or entities if the value of such interests do not exceed $10,000 (or $10,000 per annum in the case of continuing payments) and do not exceed 5% ownership interest for any entity when aggregated for the investigator and the investigator's spouse and dependent children; and SFI which cannot be perceived to be affected by the proposed project.

"Investigator" - all project directors, investigators and any other person responsible for the design, conduct or reporting of the research or educational activity proposed for funding, and their spouse and dependent children. It is the responsibility of the PI to ensure all who are subject to the disclosure policy are aware of it; compliance is the individual's responsibility.