such Board members' independent, unbiased judgment in the discharge of one's responsibility. –Board members shall avoid entering into or maintaining any business or financial interests, transactions, acquisition or sale of property interest which are or may be in conflict with those of the University. Board members shall avoid any personal interest, direct or indirect, in any contract for the purchase of land, buildings, supplies, or services for the University. Board members shall not accept gifts or benefits from any person holding contracts for supplies or services to the University. [Previously in article III]
Section 11.3: Board members shall refrain from using, discussing or disseminating confidential information obtained in his or her official capacity as a Board member and through board discussions during closed sessions of the board in any manner and for any reason, including, but not limited to, using, disclosing or disseminating such information with the intent to obtain financial gain for self or any other person or any other business with which the Board member is associated. [New section-Barfield]
Section 11.4: Whenever any conflict of interest appears to exist after taking the oath of office, the Board member shall immediately fully disclose that conflict to the Executive Committee and to the President of the University. In no event shall such disclosure be delayed longer than seventy-two (72) house prior to consideration of the matter by the Board.
[Previously in article III]
Section 12: These bylaws may be amended by the affirmative vote of a majority of the membership of the Board of Regents providing notice in writing of any proposed amendment is given to members at least 10 days prior to a meeting at which the amendment is to be discussed. The ten day notice provision may be waived upon a vote of the majority of the Board members.
Bylaws Kentucky State University Board of Regents Effective Date: _____ Page 20 of 21