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SUBMISSION OF STELLENBOSCH UNIVERSITY SU ON THE HIGHER EDUCATION AMENDMENT BILL [B14-2011] TO PARLIAMENT S PORFOLIO COM

2. Introduction. Stellenbosch University supports the objective to address conflicts of interestBut sees three main concerns:Defining the concept conflict of interest"Application of a general prohibitionLack of sanctionThese slides have to be read together with the full written submission

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SUBMISSION OF STELLENBOSCH UNIVERSITY SU ON THE HIGHER EDUCATION AMENDMENT BILL [B14-2011] TO PARLIAMENT S PORFOLIO COM

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    1. SUBMISSION OF STELLENBOSCH UNIVERSITY (SU) ON THE HIGHER EDUCATION AMENDMENT BILL [B14-2011] TO PARLIAMENT�S PORFOLIO COMMITTEE 31 August 2011

    2. 2 Introduction Stellenbosch University supports the objective to address conflicts of interest But sees three main concerns: Defining the concept �conflict of interest� Application of a general prohibition Lack of sanction These slides have to be read together with the full written submission of the University

    3. 3 General submissions Meaning of �conflict of interest� Clear definition required Conflict of interest policy (consider conflict of commitment) Supporting processes General application of conflict of interest � at board level and functional level A general prohibition against a conflict of interest of a member with the institution is neither practical nor required

    4. 4 General submissions General prohibition A general prohibition against a conflict of interest of a member with the institution is neither practical nor required Unintended consequences Sometimes unavoidable; or Acceptable under certain conditions

    5. General submissions (cont.) Sanctions suitable sanctioning provisions in the event of a breach � Consider a general avoidance provision to address collusion between council members to advance the interests of the recused member. 5

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