or a member of the employee's immediate family:

  • Accepts or solicits a gift, favor, or service from an individual, business, or other party involved, or potentially involved, in a contract or transaction with KSU;
  • Accepts, agrees to accept, or solicits money or other tangible or intangible benefit in exchange for the exercise of official powers or the performance of official responsibilities;
  • Accepts employment or compensation or engages in any business or professional activity that might require disclosure of KSU's confidential information;
  • Accepts other employment or compensation that could reasonably be expected to impair the individual's independence of judgment in the performance of official duties; or
  • Makes personal investments that are contrary to the KSU's interests.

C. PROCEDURES

1. Permitted Investments

Employees must avoid any investments in the businesses of KSU's customers, suppliers, or vendors that could cause divided loyalty, or even the appearance of divided loyalty.

Employees who have investments in the businesses of customers, suppliers, or competitors or who plan to make such investments must file a Conflict of Interest Disclosure Form. As a general rule, an employee's investment in securities traded on a recognized stock exchange does not create a conflict of interest as long as the securities are purchased on the same terms and with the same information available to the general public.

2. Commencement of Employment

Employees are required to inform their department head as soon as they have knowledge of KSU transaction or proposed transaction with an outside individual, business, or other organization that would create a conflict of interest or the appearance of one. Specifically, the employee is required to disclose any:

a Remuneration to the employee, or to an immediate family member, received from the individual/organization;

b Investments or ownership interests the employee or an immediate family member has in the outside organization;

c Offices or positions the employee or an immediate family member holds in the outside organization; and

d Other relationships with the individual/organization that actually or potentially

Update: March 26, 2013