CONFLICT OF INTEREST DISCLOSURE STATEMENT – DEFINITIONS

Affiliated Corporation

Association

CSRL

Equity

Family

Fiduciary Position

Goods or Services

Health Care Related Goods or Services

Non-Partners Entity

Outside Activity

Outside Entity

Partners

 

Affiliated Corporation means The Massachusetts General Hospital, The Brigham and Women’s/Faulkner Hospitals, Inc., The North Shore Medical Center, Inc., Newton-Wellesley Hospital, Partners Continuing Care, Inc., and all of their respective affiliates; Partners Community Healthcare, Inc. (“PCHI”); and other institutions and entities designated in the future by Partners as Affiliated Corporations.

 

Association/ Associated (1) to serve an Outside Entity as a governing board member, employee, consultant, professional staff member or other paid position; (2) to serve an Outside Entity as an uncompensated corporation member, governing board member, volunteer, consultant or other similar position;  (3) to receive or be entitled to receive post-market royalties from an Outside Entity on the sales of its products, including royalties received under institutional royalty-sharing policies; (4) to receive or be entitled to receive any other form of payment from an Outside Entity, whether in the form of compensation, income, fee, salary, gift, or any other form, and including milestone payments or a share of such payment from an Outside Entity through an institutional license agreement or otherwise; or (5) to hold an Equity interest in an Outside Entity.

 

CSRL – Corporate Sponsored Research and Licensing.

 

Equity means a stock, security, option, or other similar interest as an owner, proprietor, partner or beneficiary, including interests held through trusts or personal holding companies; an option or a contractual or other right to acquire any of the foregoing; or any other beneficial ownership interest. "Equity" does not, however, include any interest arising solely by reason of investment in a mutual, pension, or other institutional investment fund over which the Individual does not exercise control.  The Committee shall have the authority to establish other de minimis exceptions from time to time. 

 

Family means your spouse, child, parents and siblings, whether or not living in your household, and any other person living in your household. 

 

Fiduciary Position includes being a trustee, director, officer or executive (but a not scientific advisory board member).

 

Examples of entities that may provide Goods or Services to Partners include not only companies that sell or distribute medical or pharmaceutical equipment, supplies or services, but also entities that provide non-medical goods and services including, for example, clerical supplies, computer hardware and software, kitchen supplies, office equipment and legal, financial, accounting, advertising, consulting, or real estate brokerage services.

 

Examples of entities that are involved in providing Health Care Related Goods or Services include entities that provide patient care and ancillary services in any setting (including hospital, clinic, nursing home, retirement community, hospice, free standing and home care); health insurance; laboratory services; biomedical or scientific research; or medical or allied health education; and entities that are involved in health regulation or any other activity in which Partners is engaged or is likely to be engaged.

 

Non-Partners Entity means any corporation, foundation or other entity or organization that is not a Partners entity, including any governmental entity.

 

Outside Activity means any activity that is not performed as part of your Partners responsibilities and either (i) draws on your expertise relating to your responsibilities at Partners (provided it is an activity for which you are paid) or (ii) is with an Outside Entity that (a) provides, has provided or is likely to provide Goods or Services to Partners or (b) is involved in providing Health Care Related Goods or Services.

 

Outside Entity means any corporation, foundation or other entity or organization that is not a Partners entity, including any governmental entity.

 

Partners means Partners HealthCare System, Inc. and/or one or more of the Affiliated Corporations.