What are “financial interests”?
A financial interest is anything of economic value, including a fiduciary relationship with an outside entity. While not an exhaustive list, examples of financial interests include positions such as director, officer, founder, partner, or manager of an entity (whether paid or unpaid); scientific advisory board membership; salaries; consulting income; stock or stock options (vested or not vested); honoraria; gifts; loans; and travel payments. Disclosable income does not include monies received from the University of California. It also does not include monies derived from licensing fees or royalty income paid to UC by the research sponsor. Salary paid by the University is not considered disclosable personal income even if it is derived from support provided by the research sponsor.
For purposes of UCLAs conflict of interest procedures, a financial interest is anything of economic value, including a fiduciary relationship with an outside entity.While not an exhaustive list, examples of financial interests include positions such as director, officer, partner, or manager of an entity (whether paid or unpaid); salaries; consulting income; honoraria; gifts; loans; and travel payments.
