2011-254 DSS - NC Baptist Hospital for Quantitative Interdisciplinary Evaluations

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WFUBMC Infinet -Conflict of Interest (Communications, Marketing & Media (CM&M), January 2010). Page 3 of 6 RETURN TO TQP IV. Committee Participation WFUBMC, WFUHS and NCBH faculiy members and employees may serve on Medical Center committees that recommend purchases and utilization of pharmaceuticals or medical devices. In order to ensure that all actions of these Committees are free from the appearance of conflict of interest, each voting member of a Committee will annually complete a Disclosure of Potential Conflicts of Interest form. Additionally. Committee members are required to verbally update any new potentially conflicting relationships in open meeting prior to each vote during the year. Any voting member with an actual or potential conflict of interest shall recuse himself or herself from participation in voting events and similar decision-making processes when the decision or discussion may pose a conflict of interest. In addition, the Chair of a Committee may remove a member from the Committee in the event the Chair reasonably determines that the member cannot substantially contribute to and participate in the work of the Committee due the member's actual or potential conflict(s) of interest. RfTURff TO TOP V. Industry Sponsored Research Any WFUBMC, WFUHS or NCBH faculty member or employee acting as a Principal Investigator, Clinical Investigator (co- or sub-investigator), or othenaise conducting Industry-sponsored research in any way that could bias the design, conduct or implementation, management and reporting of research data, must comply with all institutional and federal requirements regarding management of conflicts of commitment and conflicts of interest. Specifically, each employee must comply with the "Overview and Summary of Conflict of Commitment and Gonflict oT Interest" Policy, revised in April, 2009, and as amended from time to time (WFt~M Organization and_Policies Handbook.IV,_pp,_46-5_5). RfTURff TO TOP VI. Consulting Agreements and Speakers' Bureaus Agreements For purposes of this policy consulting agreements are personal contracts between a faculty member or employee and a separate Industry Entity, and do not include Wake Forest University Baptist Medical Center, Wake Forest University Health Sciences, or North Carolina Baptist Hospital as a party to the consulting agreement. Nor does WFUBMC, WFUHS or NCBH provide review or insurance coverage for such contracts. Any faculty member or employee considering entering into a consulting arrangement may wish to seek the advice of an attorney retained at the faculty member's or employee's expense. The purpose of this policy on personal consulting is to ensure that the first commitment of the faculty or employee is to WFUBMC, WFUHS and NCBH, and that no conflict between a faculty member's or employee's employment exists when that faculty member or employee enters into a personal consulting relationship with an outside entity. Faculty members are pennitted to enter into consulting arrangements upon advance notification to the appropriate department chair and receipt of necessary approvals. Such notification shall specify the company the faculty member will be consulting with, the expected duration of the consulting, and the amount of money or other compensation the faculty member expects to earn or receive from the consulting. The department chair is responsible for maintaining documentation of all consulting arrangements for faculty members in his or her department for the duration of the consulting arrangement and for two years after the arrangement has terminated. Faculty members and staff may consult with Industry to provide scientific advice, provided any compensation for consulting services is reasonably related to specified services and is at fair market value; the arrangement is governed by written agreement specifying the service(s) to be provided; the consultant's duties are based on relevant expertise; the consultant is free to provide advice and services that reflect his or her expertise and judgment; and the arrangement complies with applicable Medical Center policies on conflicts of interest and commitment, The following paragraph (adapted to the particular agreement) should be included in any and all personal consulting agreements: The Entity acknowledges that Consultant's primary obligation is to WFUHS or NCBH. It is the intent of the http://infinet.wfubmc.edu/COI/COI_Policy.html 7/15/2011