8106.1 Policy: Institutional decisions shall be made solely to promote the best interests of the PBC without favor or preference based on personal or political considerations or other external concerns. All employees shall exercise the highest ethical conduct and utmost faith in all matters relating to their duties, responsibilities, and business relationships, and shall act, at all times, in the best interest of PBC. Employees shall not use their positions or confidential information gained to advance a personal interest.

8106.2 The procedures are as follows:

1. (a) A conflict of interest is considered to be a situation, either isolated, occurring, or continuous, in which an employee's decision on behalf of the PBC may be influenced by his/her own personal interest, financial or otherwise; and
2. (b) Employees shall be responsible for disclosing potential conflicts of interest in writing to the Chief Executive Officer. A review with appropriate consultation shall be made as to whether or not a conflict exists. If it is determined that a conflict exists, remedies may include prohibition of such activity, prohibition from institutional decisions related to such activity, and/or disciplinary action up to and including termination.

SOURCE: Final Rulemaking published at 45 DCR 7353, 7357 (October 9, 1998).