What is a Significant Financial Interest?

Significant Financial Interests - financial interests, received by an Investigator, and/or their spouse or dependent children, in the past 12 months, consisting of one or more of the following that is related to Institutional Responsibilities:

1. Equity interest in a domestic or foreign publicly traded company of 0-1.99% with aggregate income totaling greater than $5,000;
2. Equity interest in a domestic or foreign publicly traded company of 2-9.99% with aggregate income totaling greater than $1,000;
3. Equity interest in a domestic or foreign publicly traded company of 10% or greater;
4. Any equity interest in a domestic or foreign private company (including start-ups);
5. $5,000 or more in salary, consulting fees, advisory board fees, honoraria, gifts, “in kind” compensation, or any other remuneration from a domestic or foreign outside entity;
6. An appointment to serve in a fiduciary role (director, officer, partner, trustee, or any position of management) for a domestic or foreign outside company, whether or not remuneration is received;
7. Commercialization proceeds, such as licensing fees and royalties, from intellectual property (patents and copyrights);
8. Any travel sponsored or reimbursed by a domestic or foreign outside entity;
9. Any other compensation whose value could be affected by the outcome of research conducted at UM.

Excluded Financial Interests

1. Salary or other remuneration paid by UM to you if you are currently employed or otherwise appointed by UM;
2. Income from investment vehicles, such as mutual funds and retirement accounts, as long as you do not directly control the investment decisions made in these vehicles;
3. Income from seminars, lectures, or teaching engagements sponsored by a U.S. federal, state, or local government agency, an Institution of higher education as defined in 20 U.S.C. 1001(a), an academic teaching hospital, a medical center, or a research institute that is affiliated with an institution of higher education;
4. Income from service on advisory committees or review panels for a U.S. federal, state, or local government agency, or an Institution of higher education as defined at 20 U.S.C. 1001(a), an academic teaching hospital, a medical center, or a research institute that is affiliated with an institution of higher education.