Section 7-1604. CONFLICT OF INTEREST  


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    1604.1No Board member or Board employee shall participate in or attempt to influence any procurement when the Board member or employee knows or has reason to know:

     

    (a)The Board member or employee, or any relative of a Board member or employee, has a financial interest pertaining to the procurement;

     

    (b)A business or organization in which the Board member or employee, or any relative of Board member or employee has a financial interest pertaining to the procurement; or

     

    (c) The Board member or employee or any relative of a Board member or employee has an agreement or arrangement for prospective employment with a business or organization involved with the procurement.

     

    1604.2It is a breach of ethical standards for any employee to receive or attempt to realize personal gain or advantage, either directly or indirectly, as a result of their participation in any action related to any procurement.  No Board member or employee may solicit or accept, directly or indirectly any benefit, such as a gift, gratuity, favor, compensation, offer of employment or anything having more than a nominal monetary value from any person or entity having or seeking to have a contractual, business, or financial relationship with the Board.

     

    1604.3In the event a Board employee, other than the Executive Director, is offered or receives any benefit in violation of any provision of §§ 1602-1604 from any person or entity, the employee shall report the matter to the Executive Director or designee who shall determine the disposition of the benefit. The failure to report such offer or benefit to the Executive Director or designee is a breach of these ethical standards.

     

    1604.4In the event the Executive Director or a Board member other than the Board Chairperson receives any offer or benefit in violation of any provision of §§ 1602-1604 from any person or entity, the Board member or Executive Director shall report the benefit to the Board Chairperson who shall determine the disposition of the matter or benefitIn the event that the Board Chairperson receives any offer or benefit in violation of any provision of §§ 1602-1604 from any person or entity, the Board Chairperson shall report the benefit to the full Board who shall determine the disposition of the matter or benefit.

     

authority

The District of Columbia Retirement Board (the Board), pursuant to the authority set forth in section 121(i) of the District of Columbia Retirement Reform Act of 1979 (Pub. L. 96-122, 93 Stat. 866 (Nov. 17, 1979) (codified at D.C. Official Code § 1-711(i)(2001)) (the Reform Act).

source

Notice of Final Rulemaking published at 57 DCR 12594, 12597 (December 31, 2010).