Notice of approved policy: Institutional Conflicts of Interest in Research
An institutional conflict of interest (ICOI) in research is a situation in which the financial interests of the university or its covered members might reasonably appear to influence or bias institutional activities involving research. Such influence or bias, or appearance of either, can be exerted by individuals among VCU leadership or emanate through university entities and holdings. This policy requires that financial interests of university entities and covered members are reported and that conflicting interests are evaluated and appropriately resolved or managed.
Final Rule published in the Federal Register on August 25, 2011 regarding financial conflicts of interest in research
The rule (Responsibility of Applicants for Promoting Objectivity in Research for which Public Health Service Funding is Sought) replaces regulations that have been in place since 1995. The new regulations have a major impact on the identification, reporting, and management of financial conflicts, especially for individuals who are involved in research sponsored by the National Institutes of Health (NIH) and other agencies of the Public Health Service. The compliance date for the PHS Final Rule was August 24, 2012. The VCU Conflicts of Interest in Research policy addresses the Final Rule regulations in addition to other conflict of interest directives.