University of Virginia Library

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

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

WHEREAS, Mr. Thomas Crowe, Mr. William Bishop, and Mr. Jeffrey Hesler have equity interests in Virginia Diodes, Inc., which exceed 3 percent; and

WHEREAS, the School of Engineering and Applied Science's research agreement with Virginia Diodes, Inc., would thereby expose Mr. Crowe, Mr. Bishop, and 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. Thomas Crowe, Mr. William Bishop, and Mr. Jeffrey Hesler are 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. Crowe, Mr. Bishop, and Mr. Hesler each file 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.