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CONFLICT OF INTEREST EXEMPTION (VIRGINIA DIODES, INC., PART A)

WHEREAS, the School of Engineering and Applied Science has entered into a sponsored research contract with Virginia Diodes, Inc., to pursue basic research in the area of high frequency barrier diodes; and

WHEREAS, Mr. Jeffrey Hesler has recently acquired an equity interest in Virginia Diodes, Inc.; and

WHEREAS, Mr. Jeffrey Hesler has recently joined the faculty in the Department of Electrical Engineering; and

WHEREAS, the School of Engineering and Applied Science's research agreement with Virginia Diodes, Inc., would thereby expose Mr. Hesler to violation of the Virginia Conflict of Interests Act unless approved by the Board as permitted by §2.1-639.6(c) (7) of the Code of Virginia;

RESOLVED that the conflict of interest of Mr. Jeffrey Hesler is approved by the Board of Visitors in order to permit the University to continue the research agreement with Virginia Diodes, Inc., to investigate high frequency barrier diodes; provided, as required by the law, Mr. Hesler files the required annual disclosure statement of personal interests in Virginia Diodes, Inc., the University files the required annual report concerning the contracts

with the Secretary of the Commonwealth, and the dean and department chair vigilantly oversee application of University resources in the best interests of the University and in accordance with policy.