The University's Professional and Consultancy Work Policy requires staff to obtain the Vice Chancellor's approval to hold directorships, or to be a partner or principal in other than charitable companies or businesses or entities dealing with their own private affairs; In considering approval the Vice Chancellor will consider the following: 1. Does the Head of Department or Unit and Executive Dean support the application for approval? This is essential to ensure that management, resource and similar issues are acceptable to the Department and Faculty. 2. Is there a conflict of interest? The staff member will have a UWA role which may conflict with his or her duties as a director of the company or principal of the business. There may be other links between the staff member and the company or business, such as shares, share options, consultancy arrangements, both departmental and private. How the potential for conflict of interest is proposed to be managed is important. If it cannot be satisfactorily and transparently handled, permission will be refused. 3. What are the risks and potential liabilities? If the staff member is to be a director on behalf of the University the Insurance Officer (Grant Wallace, x 3214, Grant.Wallace@uwa.edu.au) should be advised by the staff member and officers' and directors' insurance cover confirmed. The insurer will need full details of the company's operation. If the staff member is not being appointed a director on UWA's behalf, is it clear to the staff member that he or she runs the risk of the office and should consider the need for insurance. Review If the Vice Chancellor approves the application, the Executive Dean should advise the staff member, Department Head and immediate line manager in writing. The Executive Dean should ensure that the approval is reviewed on at least a two yearly basis to take account of changes in the company's operation and the links between the staff member and the company.
| 
