The University’s Conflict of Interest Program is designed to ensure that judgment and the good faith performance of University duties are not compromised by the incentives and inhibitions associated with a conflicting interest and to avoid even the appearance of impropriety.
The University Code of Conduct (linked here) addresses conflict of interest in four broad statements. It states that all University faculty, staff, volunteers, and others who exercise authority on behalf of or in affiliation with the University...:
II.1. ...shall not allow any interest to inappropriately influence their judgment or the good faith execution of their duties. II.2. ...shall make timely disclosure to the proper authority of any interest that is or appears to be in conflict with their judgment or good faith execution of their duties. II.3. ...who provides or is requested to provide information to a decision-maker shall contemporaneously make disclosure of any interest that is or appears to be in conflict with an accurate, unbiased, and impartial presentation of that information. II.4. ...shall not participate as a member of a committee or board in a matter in which that covered person has an interest that is or appears to be in conflict with their judgment or good faith execution of committee or board duties.
Then, other University policies (some linked here) provide additional details as they apply these concepts in various specific situations.