University of Virginia Library

CONFLICT OF INTEREST EXEMPTION (DIRECTED VAPOR TECHNOLOGIES INTERNATIONAL, INC.)

WHEREAS, the University of Virginia wishes to enter into a research contract with Directed Vapor Technologies International, Incorporated (DVTI, Inc.), to further research efforts in direct vapor deposition; and

WHEREAS, Messrs. James F. Groves, Douglas T. Queheillalt, Derek D. Hass, Haydn N.G. Wadley and David Wortman have disclosed in advance their financial interests in DVTI, Inc.; and

WHEREAS, the University of Virginia's entry into an agreement with DVTI, Inc., would thereby expose Messrs. Groves, Queheillalt, Hass, Wadley and Wortman to violation of the Virginia Conflict of Interests Act unless approved by the Board as permitted by §2.2-3106(c) (7) of the Code of Virginia;

RESOLVED that the waiver of the conflict of interest of Messrs. Groves, Queheillalt, Hass, Wadley and Wortman is approved by the Board of Visitors in order to permit the University to enter into a research agreement with DVTI, Inc., to pursue research in vapor deposition; provided, as required by the law, Messrs. Groves, Queheillalt, Hass, Wadley and Wortman file the required annual disclosure statement of personal interests in DVTI, Inc., the University files the required annual report concerning the contracts with the Secretary of the Commonwealth, and the dean and department chair, in consultation with the committee established to oversee this relationship, vigilantly oversee application of University resources in the best interests of the University and in accordance with policy.