Disclosure is important at the earliest reasonable opportunity.
The disclosure must include:
Measures taken, in accordance with the conflicts of interest management policy to avoid or mitigate the conflict
Any ownership interest or financial interest, other than an immaterial financial interest, that the provider of representative may become eligible for
Explain the nature of any relationship or arrangement with a third party that gives rise to a conflict of interest
And lastly, which stakeholders must be informed of the conflicts of interest management policy and how it may be accessed (Field, 2009).
Disclosure for SGCs
SGC employees should be required to regularly disclose their financial assets, other sources of income, and business interests (including board memberships), and declare any past sources of income and business associations that could compromise their SGC position/perspective or influence their future decisions.
Applications for funding should disclose any associations, both current and former, between the applicants and the SGC and its members.
The SGC would also be interested in whether the researcher had any financial interest in the product they may be researching They would need to ensure the researcher declares any such interest.
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1. No. From the outset, the REC member had a potential COI knowing that his niece was likely to apply. By not disclosing this until after he had finalised the role description, a reasonable person could later think that he influenced the shaping of the role description to suit his niece’s qualifications and availability rather than the needs of the University. This perception creates risk for the REC member’s reputation and could lead to discontent amongst the staff.
2. The REC member should have disclosed his niece’s interest to the REC. When his niece applied, the REC member should have reported his COI to the chair and removed himself from the selection panel. Now that his niece has been appointed, his personal relationship with her creates a potential COI that will become actual and perceived whenever the committee has to make a decision The chair should immediately put in place processes to manage ongoing COI issues ensuring that. Even with a management plan in place, his niece may have to deal with an ongoing perception amongst the school community that she was not selected on merit. The principal must update their Declaration of Private Interest form to indicate that they have reported the COI and proposed measures for mitigating the COI have been put in place.
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