As an academic institution, the University of Missouri has an obligation to assure that its scientific and clinical research is conducted pursuant to the highest standards of ethical conduct free from any improper external bias. At the same time, the University encourages scientific collaboration with industry and supports collaborative research and business geared towards economic development. External corporate relationships enrich research and teaching, expand career and research opportunities for students, and promote economic development by facilitating the commercialization of intellectual property through a variety of innovative mechanisms that benefit the public.

Inherent in these dual roles is the possibility for conflicts of interest. Situations can occur in which an independent observer might reasonably conclude that the potential for individual gain and/or improper advantage to others could influence the outcome of a research study. Even in the absence of an actual conflict of interest, such situations may require actions to minimize the appearance of a conflict. The University recognizes that many potential conflicts of interest do not constitute actual conflicts or may be acceptable with proper oversight and safeguards. The University of Missouri seeks to identify and manage these relationships to preserve transparency.