A business conflict of interest arises when a relationship with, or a financial interest in, an Outside Entity could be reasonably perceived as influencing the duties and responsibilities (administrative, clinical, and/ or research) of an individual to Mount Sinai. Review the Mount Sinai Business Conflict of Interest Policy
Business Management Plan
A business management plan is issued when a faculty member, or related party, has a financial interest with an outside entity that is judged to be a potential conflict of interest or conflict of commitment.
These activities include:
- Equity ownership in an outside company
- Intellectual property licensed to an outside company
- Fiduciary responsibility to an outside company
- Involvement in a Mount Sinai start-up
The elements of a Business Management Plan include:
- Documentation of financial interests
- Disclosure requirements
- Oversight requirements
- Restrictions on research and clinical activities