Columbia Business School Implements Conflict of Issue Disclosure Policy for Faculty
Columbia Business School (CBS) faculty members earlier this month approved revised policy recommendations for how professors must disclose outside activities that present potential conflicts of interest. The recommendations, which are based on the University’s policies, are stricter than those approved in 2009 and reflect increased vigilance following the recent financial crisis.
Professors must now publicly disclose all activities – including paid or unpaid consulting, research, service on a company board or expert witness testimony – that create or appear to create conflicts of interest. The CBS faculty approved the more stringent requirements at a May 10th faculty meeting.
“Increasing transparency about research and real or apparent conflicts of interest and commitment helps Columbia Business School strengthen its reputation as a center of world-class research and teaching,” read the revised recommendations.
In accordance with the conflict of interest disclosure policy, faculty members must maintain a current version of their curriculum vitae, including all outside activities for the past five years, on the school’s official website. Professors must also include a section on outside activities in their annual Faculty Activity Reports. The Dean’s Office will monitor and enforce compliance with the updated policy.
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