Effective April 17, 2002
Students may be employed by companies in which faculty members hold an ownership interest.
A student may not be employed by a company in which a faculty member (or faculty members spouse or household member) has an ownership interest if: (a) the student is enrolled in a course in which the faculty member may have input into a grade or academic evaluation; (b) the faculty member is a member of the students thesis or dissertation committee; or, (c) the faculty member is the students advisor or the director of his or her thesis or dissertation research. Such students may perform research benefiting a faculty owned company only pursuant to a sponsored research agreement or formal internship agreement through the University.
IThe employment of students in faculty-owned businesses requires special safeguards to ensure that the financial interests of the faculty member do not impact the academic status of the students. Formalizing a policy for this that is consistent for the entire University (KU-Lawrence Campus and KU Medical Center) will help standardize procedures and protect students, faculty and the University.
Prior to such employment, the student, faculty member, the chair of the students department, the Dean of Graduate Studies, the Vice Chancellor for Research, and a company officer (other than the faculty member) must sign a disclosure agreement as shown in Exhibit A.
Students, medical residents, faculty members, and faculty-owned companies
Policy on Conflict of Interest - under development
Dean of Graduate Studies, 588-1258
Student Disclosure Agreement
This agreement is between the University of Kansas Medical Center, an institution of higher education located at 3901 Rainbow Boulevard, Kansas City, Kansas, ____[name]_______ Company, a corporation with its principle place of business at___[address]______, and ____[name]______, a Student/Resident in the ____[name]______ Department in the School of ____[name]______ at the University.
Whereas, in order to govern the relationships among the University, its faculty and staff, and Company and to avoid or manage any conflicts of interest that may arise by virtue of these relationships, the University and Company entered into this Student Disclosure Agreement executed on __[date]__; and
Whereas, the Student/Resident desires to accept an employment position with Company and also proposes to enroll in courses at University.
Now, therefore, the parties agree as follows:
The following conditions shall apply to the employment of the Student/Resident by Company during the period beginning__[date]___ and ending__[date]___.
|Dean, Graduate Studies||Date|
|Vice Chancellor for Research||Date|