News and Updates
Posted on 7/24/2015
Notice of approved policy: Institutional Conflicts of Interest in Research - Interim
Institutional conflicts of interest (ICOI) are of concern when competing financial interests create the potential for inappropriate influence over university research activities. Such influence can emanate from individuals among VCU leadership as well as its entities and holdings. This policy ensures that financial interests of Covered Members and university entities are reported and that potential 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.