University of Virginia Library

CONFLICT OF INTEREST EXEMPTION - VIRGINIA DIODES, INC.

The following resolution was adopted:

WHEREAS, the School of Engineering and Applied Science wishes to pursue basic research in the area of high frequency barrier diodes; and

WHEREAS, a portion of this research may be done in collaboration with Virginia Diodes, Inc. a small business which has previously licensed planar diode fabrication processes from the University of Virginia Patents Foundation; and

WHEREAS, two University employees, Thomas Crowe and William Bishop, have ownership interests in Virginia Diodes; and

WHEREAS, an agreement with Virginia Diodes may be entered under the exemption to Conflict of Interests Act as provided in Section 2.1 §639.6(C)(7) Code Virginia, approval by Board Visitors;

RESOLVED that the exemption under Section 2.1 §639.6(C)(7) of the Code of Virginia for the proposed agreement between the University and Virginia Diodes is approved, provided the annual disclosure statement of economic interests are filed by Thomas Crowe and William Bishop as required by law, the University files its required annual report with the Secretary of the Commonwealth reporting the contract and responsible managers overseeing its administration, and the Dean of the School of Engineering and Applied Science vigilantly oversees and monitors the utilization of University resources in implementation of any contract with Virginia Diodes.