Ohio Admin. Code 3356-5-03 - Affiliated organizations
(A)
Policy statement.
The university recognizes the value that affiliated organizations can provide
in helping the university to achieve its goals and adopts this policy to ensure
that organizations affiliated with the university conduct their operations in
accordance with university-approved standards and practices.
(B)
Purpose. To
provide standards and practices for the selection, operation, and continued
existence of an affiliated organization.
(C)
Scope. This
policy applies to nonprofit corporations and organizations which are affiliated
with the university and exist solely for the benefit and support of the
university, whether or not they have been created by the
university.
(D)
"Affiliated organization." An entity that has a legal
existence separate from the university and which is formed and operated to
support or complement the mission of the university and:
(1)
Is controlled or
strongly influenced by the university;
(2)
Receives
financial support from the university; or
(3)
Utilizes
university resources, name, or identity.
(E)
Parameters. Each
affiliate's relationship with the university will be formalized in a memorandum
of agreement. The memorandum of agreement will be governed by the following
principles:
(1)
The creation and activities of affiliates must promote,
sponsor, or complement university operations or mission.
(2)
Affiliates shall
provide for at least one university representative on its governing
board.
(3)
Affiliates must use sound fiscal and accounting
procedures.
(4)
Affiliates must be managed in a manner consistent with
their own enabling documents and the university's purpose, mission, and
procedures.
(5)
Affiliates must adhere to high ethical and conflict of
interest standards.
(6)
The university's relationship with an affiliate is not
necessarily intended to be perpetual.
Replaces: 3356-5-03
Notes
Promulgated Under: 111.15
Statutory Authority: 3356
Rule Amplifies: 3356
Prior Effective Dates: 7/24/00, 6/16/03, 8/21/10
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