Terms in capitals are defined in Schedule 2 [1] where necessary to aid interpretation.
The Council is responsible for the supervision and management of University resources and finances. The purpose of these Regulations is to provide sound arrangements for internal financial management, accounting and control, and promote best value for money and compliance with the University's legal and financial obligations.
1.1
These Regulations apply to
2.1
University Business shall be conducted in accordance with the Nolan Principles: selflessness, integrity, objectivity, accountability, openness, honesty and leadership.
2.2
Staff must ensure that
There are four offences under the Bribery Act [2];
Staff must not use their authority or office for personal gain and must always seek to uphold and enhance the standing of the University.
2.3
Staff must declare to their Head of Department any personal interest, which may affect any University Business and act in accordance with the instructions given as to management of any conflict.
2.4
Staff must seek written permission from their Head of Department before accepting gifts or hospitality directly or indirectly from suppliers, other than low value items such as a gift worth less than £25 or hospitality worth less than £50. Receipt of gifts or hospitality must not influence or appear to influence the choice of supplier or prejudice the University's reputation. If in doubt, gifts and hospitality must be refused. Excessive or lavish gifts or hospitality may constitute Bribery.
2.5
Where Heads of Department have a conflict of interest or wish to accept gifts or hospitality (other than low value items) they must seek the advice of the body or person to whom they are responsible, for example Head of School, management board or General Board, and act as advised.
3.1
Staff shall, irrespective of sources of funding:
3.2
Non-observance of these Regulations may result in disciplinary action.
Links
[1] https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-regulations/schedules/schedule-2-definition-advice-and-guidance
[2] https://www.admin.cam.ac.uk/offices/secretariat/bac/
[3] https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-regulations/g-bribery-and-fraud
[4] https://www.admin.cam.ac.uk/offices/secretariat/bac/schd1.html