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Rules of Business Practice for the 2005–2010 USP Board of Trustees

2. Standards of Conduct

2.01 Code of Ethics and Policies

The members of the Board shall be required to adhere to the principles and policies contained in the USP Code of Ethics and USP Policies.

2.02 Conflicts of Interest

  1. A Board member shall not use his or her membership in any way that is, or appears to be, motivated by private gain for himself, herself or any outside interest.
  2. As provided in Chapter VI, Section 6(b) of the Bylaws, no member of the Board who has a financial interest that may conflict, or may appear to conflict, with his or her duties and responsibilities as a Board member, shall vote on matter in which he or she has such financial interest. An employee's interest shall be presumed to coincide with that of his or her employer. It shall be the responsibility of the Board member to advise the chairman should a particular situation arise in which he or she may have a conflict of interest, or the appearance of a conflict of interest, not evident from the statement of interests.
  3. As provided in Chapter VI, Section 6(c) of the Bylaws, where it appears that a conflict of interest may exist, or may be perceived to exist, any member of the Board may excuse him or herself from a deliberation of the Board; alternatively, such member may be excused from a deliberation of the Board by an affirmative vote of not less than two-thirds of the members of the Board (other than himself or herself). The minutes of such meeting shall note that the member was excused from such deliberation.
  4. Each Board member annually shall submit to the Secretary of the Board a statement of all employment, professional, research, and financial interests that relate either directly or indirectly to matters within the scope of activities of the USP Convention. Such statement shall be updated as necessary to keep it current or as requested periodically by the Secretary.

2.03 Confidentiality

Each member of the Board shall maintain the confidentiality of all information gained in the course of his or her activities as a Board member, and shall not use or disclose such information for any purpose, unless such information is already publicly available.

2.04 Compensation and Expenses

  1. As provided in Chapter VI, Section 6(a) of the Bylaws, no member of the Board shall receive compensation for his or her services. Members of the Board shall be reimbursed for traveling and other expenses incurred while on official USP business in accordance with the USP travel and expense reimbursement policy.
  2. No member of the Board shall receive any loans except for advances to pay for billed or anticipated travel expenses while on official USP business (e.g., registrations, advance ticket purchases, etc.)