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Conflict of Interest Policy
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Maryland Society of Eye Physicians & Surgeons

Presented Courtesy of The Maryland Society of Eye Physicians & Surgeons

 This Conflict of Interest Policy of The Maryland Society of Eye Physicians & Surgeons: (1) defines conflicts of interest; (2) identifies classes of individuals within the Organization covered by this policy; (3) facilitates disclosure of information that may help identify conflicts of interest; and (4) specifies procedures to be followed in managing conflicts of interest.

1. Definition of conflicts of interest.   A conflict of interest arises when a person in a position of authority over the Organization may benefit financially from a decision he or she could make in that capacity, including indirect benefits such as to family members or businesses with which the person is closely associated. This policy is focused upon material financial interest of, or benefit to, such persons.
2.  Individuals covered. Persons covered by this policy are the Organization’s officers, directors, chief employed executive and chief employed finance executive.
3. Facilitation of disclosure. Persons covered by this policy will annually disclose or update to the Chairman of the Board of Directors on a form provided by the Organization their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members.
4. Procedures to manage conflicts. For each interest disclosed to the Chairman of the Board of Directors, the Chairman will determine whether to: (a) take no action; (b) assure full disclosure to the Board of Directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the Organization; or (d) ask the person to resign from his or her position in the Organization or, if the person refuses to resign, become subject to possible removal in accordance with the Organization’s removal procedures. The Organization’s chief employed executive and chief employed finance executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the Chairman of the Board of Directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.
The Maryland Society of Eye Physicians & Surgeons (MSEPS) is the state’s ophthalmological society that serves to enlighten and influence public awareness pertaining to ophthalmology issues; acts as advocate for patient quality of care, articulates and advocates on behalf of patients and ophthalmologists and develops continuing education programs for physicians. Direct inquiries to: MSEPS, 1211 Cathedral St., Baltimore, MD 21201; 410-244-7320.
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MSEPS / 1211 Cathedral Street / Baltimore, MD 21201 / 410-244-7320