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University Policy

Bylaws of the Board of Trustees

Article X

Conflict of Interest, Conflict of Loyalty

No Trustee shall participate in deliberations or vote on a University contract, action or trans-action when the Trustee has a financial, personal or fiduciary interest in any person or entity affected by such contract, action or transaction. The Board will consistently follow protocols for addressing conflicts. The Trustee having the prohibited interest shall make full disclosure thereof and shall abstain from any deliberations and votes on any such matter. If a Trustee recuses himself or herself, that Trustee may be asked to leave the Board room during the discussion and votes on that matter.

Any contract, action or transaction in which one or more Trustees have a prohibited interest may be approved by an affirmative vote of a majority of voting Trustees who are not interested in the contract, notwithstanding the fact that the disinterested Trustees constitute less than a quorum of the Trustees.

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