Conflict of Interest
Updated 24 May 2024
At Loughborough, we prioritise upholding the highest ethical standards across all aspects of our work. Central to this commitment is our dedication to integrity and accountability, which includes effectively identifying and managing Conflicts of Interest. This proactive approach is vital in maintaining the trust of our stakeholders.
Conflicts of Interest, while indicative of a vibrant and diverse ecosystem, must be managed diligently to safeguard the University, its staff, volunteers, and members. By being transparent about and appropriately managing conflicts, individuals maintain both personal and professional integrity, safeguard the reputation of their work, and uphold the University's standing.
Our Conflict of Interest Policy embodies our commitment to fostering a culture of trust and accountability, reflecting core University values such as authenticity and responsibility. By adhering to this policy, we ensure that decisions and actions are made in the best interests of the University and our community, free from personal biases or external influence.
Principles and Purpose
Conflicts of Interest can occur in various situations as part of the University's daily operations, both internally and in our dealings with external organisations. If not handled properly, these conflicts, whether real or perceived, can damage the integrity of our research, shake public trust in our institution, and negatively impact staff and student recruitment and retention.
The University's Conflicts of Interest Policy aligns with the Seven Principles of Public Life established by the Nolan Committee. The existence of a conflict doesn't imply any doubts about the integrity or professionalism of those associated with the University. Rather, it acknowledges the freedom the University grants to staff to engage in external activities, which provide many individual and institutional benefits. Conflicts of Interest are thus normal and not inherently negative. The University wants to support and protect colleagues who have a Conflict of Interest – not to prevent them from arising.
While Conflicts of Interest can indicate a bustling, diverse, and entrepreneurial environment, they must be effectively managed to protect the University and its stakeholders. By effectively managing and declaring Conflicts of Interest, colleagues are safeguarding their personal and professional standing, the integrity of their work, and the reputation of the University.
Declaration for Staff
To ensure ongoing management of Conflicts, all staff members Grade 6 and above are required to complete an annual Conflict of Interest Declaration via My.HR. This declaration reaffirms understanding and compliance with the Conflict of Interest Policy.