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KUMC Employment of Students and Residents in Faculty-owned Businesses

Policy
Purpose: 

This policy sets forth guidelines for employment of students and residents in faculty-owned businesses.

Applies to: 

Students, medical residents, faculty members, and faculty-owned companies

Campus: 
Medical Center, Kansas City
Wichita
Salina
Policy Statement: 

Students may be employed by companies in which faculty members hold an ownership interest.The employment of students in faculty-owned businesses requires special safeguards to ensure that the financial interests of the faculty member do not impact the academic status of the students. The employment of students in faculty-owned businesses requires special safeguards to ensure that the financial interests of the faculty member do not impact the academic status of the students.

Prior to such employment, the student, faculty member, the chair of the student’s department, the Dean of Graduate Studies, the Vice Chancellor for Research, and a company officer (other than the faculty member) must sign a disclosure agreement as shown in Exhibit A.

Exclusions or Special Circumstances: 

A student may not be employed by a company in which a faculty member (or faculty member’s spouse or household member) has an ownership interest if:

(a) the student is enrolled in a course in which the faculty member may have input into a grade or academic evaluation;

(b) the faculty member is a member of the student’s thesis or dissertation committee; or,

(c) the faculty member is the student’s advisor or the director of his or her thesis or dissertation research. Such students may perform research benefiting a faculty owned company only pursuant to a sponsored research agreement or formal internship agreement through the University.

Contact: 

Dean of Postdoctoral Affairs & Graduate Studies 913-588-7419

Approved by: 
Vice Chancellor for Academic Affairs
Approved on: 
Sunday, April 7, 2002
Effective on: 
Sunday, April 7, 2002
Review Cycle: 
Biennial (Every Two Years)
Keywords: 
GRA, GTA, work
Review, Approval & Change History: 

07/12/2016: Added link to KUMC Employment of Students and Residents in Faculty-owned Businesses - Form to Related Forms section

2016-06-29 - updated Appendix A, #3 to clarify employing GRAs and GTAs.

2002-04-17 new policy

Personnel: Faculty/Academic Staff Categories: 
Conflicts of Interest
Personnel: Student Employees Categories: 
Conflicts of Interest
Hiring
Workplace Rules & Guidelines
Research and Sponsored Projects Category: 
Research and Sponsored Projects

Moderation History

Updated: July 13, 2016 - 08:44

Log message: Edited by j372a558@ku.edu.

Updated: July 13, 2016 - 08:43

Log message: Edited by j372a558@ku.edu.

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