Glossary of Terms and Definitions

Glossary Term: Financial Interest (relating to Conflict of Interest and Conflict of Commitment)

Definition:

A direct or indirect interest in a business: As an investor, shareholder, director, employee, trustee, or agent; Consisting of any shares, securities, stocks, stock options, or similar ownership interest in a business, excluding interests arising solely from investment in the business by a mutual fund, pension fund, or other institutional investment fund over which a person does not exercise control; and, Where there is receipt of or the right or expectation to receive any income or benefit from the business in the form of a fee, honorarium, commission, salary, allowance, forbearance, forgiveness, interest in real or personal property, dividend, royalty derived from the licensing of technology, rent, capital gain, or any other form of compensation, or any combination of these.
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