disclosing, or disseminating such information with the intent to obtain financial gain for himself or herself or any other person or any other business with which the Board member is associated.

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) hours prior to consideration of the matter by the Board.

ARTICLE XII:

Amendments

SECTION 12:

These Bylaws may be amended by the affirmative vote of a majority of the membership of the Board of Regents, provided that notice in writing of any proposed amendment is given to members at least 7 days prior to a meeting at which the amendment is to be discussed. The seven-day notice provision may be waived upon a vote of the majority of the Board members.