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Conflict of Interest with Vendors
Employees of the Lake Michigan College are expected to conduct
business according to the highest legal and ethical standards.
For the protection of the College, as well as the employee, employees
must maintain a high degree of integrity in dealing with all past,
current, and potential suppliers providing goods and services
to the College.
All College employees are to avoid accepting any kind of gratuities,
tips, or gifts. This includes merchandise, cash, services, entertainment,
and other courtesies. It is essential to both the College and
its suppliers that all decisions and actions regarding purchasing
are based upon proper business considerations and are not influenced
in any way by personal obligations.
Exceptions:
- Calendars, desk novelties, or similar advertising items of
less than $25 in value (this dollar limit will be reviewed and
revised in accordance with IRS limits on business gift deductions);
- Reasonably priced meals accepted in settings where College
business is conducted;
- Textbooks, recorded media, software, or similar work-related
items for which the school is not being charged;
- Any other exceptions to this procedure should be reviewed
by the Director of Purchasing & Support Services to determine
if special circumstances exist to warrant the acceptance of
a gift from a vendor, or to determine whether a gift should
be declined or returned.
This page was last modified :
August 17, 2007
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