Disclosure Requirements for Faculty

Recommendations of the Conflicts of Interest and Commitment Committee

Increasing transparency about research and real or apparent conflicts of interest and commitment helps Columbia Business School strengthen its reputation as a center of world-class research and teaching. When faculty members speak, write, or provide testimony, the public should understand their sources of compensation outside the University that might indicate any possible conflict of interest. To this end, this document is intended to clarify Columbia University’s disclosure and commitment policies and to strengthen the School’s disclosure and commitment policies to ensure public confidence in our research.

Relationships to business organizations and practitioners, when pursued responsibly, are a valuable part of the life of a Columbia Business School faculty member. The School’s goal of bridging academic theory and real-world practice underscores the importance of pursuing research that is relevant to business and public policymakers. At the same time, faculty members are expected to be active participants in the life of the University and School, which means they should spend the great bulk of their time on campus with their students and colleagues. Therefore, in addition to external disclosure of outside relationships, it is important for faculty members to provide the Business School with information about the nature and scope of those relationships.

Current University Policies

Columbia Business School faculty members are responsible for complying with all current University policies as outlined in the Faculty Handbook and elsewhere, particularly where such policies are more comprehensive than the guidelines outlined here. Some of the relevant University rules are excerpted below, but faculty members are responsible for understanding and adhering to the complete set of rules, including conflict of interest and conflict of commitment policies, and to be aware of any subsequent policy modifications.

Conflict of Interest

University Policy on Financial Conflicts of Interest and Research (published July 1, 2009) “… requires individuals to disclose outside financial interests that relate to any of their research, including unfunded research, to peers and members of the public. These disclosures must be made in publications, reports, talks, or other presentations of research.” Columbia University faculty members are expected to follow this disclosure not only in academic publications but in consulting reports, presentations, and other work product that will be publicly available.

Conflict of Commitment

With respect to conflicts of commitment, current University policy prohibits outside activities that interfere with a faculty member’s teaching, research, and departmental and University duties, as well as those activities that exceed more than the equivalent of one day per week. As well, according to the Faculty Handbook: “Faculty may not engage in outside activities that directly compete with the mission and interests of the University or are in conflict with their University responsibilities, regardless of the time they require.” Conflict of interest and conflict of commitment rules also apply during a faculty member’s sabbatical.

It is the responsibility of the Business School to ensure that its faculty members are in compliance with University policy. The Conflicts of Interest and Commitment Committee recommends the institution of more detailed and comprehensive faculty reporting requirements and policies, as follows:

• Faculty members must maintain a current version of their curriculum vitae (c.v.) on the official Columbia Business School web page; the c.v. must include a section entitled “Outside Activities.”
  1. This requirement to list outside activities only applies to activities that might have the perception of having an impact on research, public statements, publications, or teaching, or activities related to their responsibilities at Columbia Business School. The reporting requirement does not apply to academic activities, such as preparing referee reports or writing a paper for a conference volume.
  2. The section must list the nature of the activity and the name of all outside organizations for which he or she has provided paid or unpaid services during the past five years, including but not limited to services provided as researcher, consultant, case writer, teacher, speaker, board member, executive, or expert witness. The name of the organization listed must be the organization that receives the benefit of the work performed, not an intermediary. Services provided to a not-for-profit must be included to the extent they affected a faculty member’s professional activities as in 1(a) above. Faculty must also list any publications that resulted from such a relationship.
  3. If an explicit confidentiality agreement was required in a consulting relationship, faculty members must describe the type of organization rather than list the name of the organization.
  4. Faculty members must also list any organization in which they or members of their household have ownership of at least 5% if the faculty members professional activities as in 1(a) above are related to the activities of that organization.
  5. The vitae must be updated at least every six months if there are new activities that would require disclosure.
  6. The Office of the Dean will monitor and enforce compliance with this disclosure requirement.
  7. At their discretion, faculty may use the following sentence when listing outside activities: “Columbia Business School requires its faculty members to disclose any activities that might present a real or apparent conflict of interest. Here is the list of my outside activities.”
• Faculty members must include in their annual Faculty Activity Report a section entitled “Outside Activities.”
  1. The section must list the names of the organizations and the time commitments involved for each organization. If an explicit confidentiality agreement was required in a consulting relationship, faculty members must describe the type of organization rather than list the name of the organization.
  2. The section also must provide a brief description of the type of organization and the nature of the activity.
  3. The Office of the Dean will monitor and enforce compliance with this disclosure requirement.
  4. Disclosure on a c.v. or in a Faculty Activity Report does not fulfill any other University reporting requirement, such as completion of an annual Financial Interest Report in Rascal.

Faculty members who do not follow these rules are subject to sanctions as judged appropriate by the Dean and specified in the Faculty Handbook. If faculty members have any questions about the appropriateness of specific activities or whether such activities require reporting, they should consult the Office of the Dean prior to commencing such activities.

These recommendations are effective July 1, 2011.