Section 3356-5-03 - Affiliated organizations(A) Policy statement. The university recognizes the value that affiliated organizations can provide in helping the university to achieve its goals and adopts this policy to ensure that organizations affiliated with the university conduct their operations in accordance with university-approved standards and practices.(B) Purpose. To provide standards and practices for the selection, operation, and continued existence of an affiliated organization.(C) Scope. This policy applies to nonprofit corporations and organizations which are affiliated with the university and exist solely for the benefit and support of the university, whether or not they have been created by the university.(D) "Affiliated organization." An entity that has a legal existence separate from the university and which is formed and operated to support or complement the mission of the university and: (1) Is controlled or strongly influenced by the university;(2) Receives financial support from the university; or(3) Utilizes university resources, name, or identity.(E) Parameters. Each affiliate's relationship with the university will be formalized in a memorandum of agreement. The memorandum of agreement will be governed by the following principles: (1) The creation and activities of affiliates must promote, sponsor, or complement university operations or mission.(2) Affiliates shall provide for at least one university representative on its governing board.(3) Affiliates must use sound fiscal and accounting procedures.(4) Affiliates must be managed in a manner consistent with their own enabling documents and the university's purpose, mission, and procedures.(5) Affiliates must adhere to high ethical and conflict of interest standards.(6) The university's relationship with an affiliate is not necessarily intended to be perpetual.Replaces: 3356-5-03
Ohio Admin. Code 3356-5-03
Effective: 8/28/2015
Promulgated Under: 111.15
Statutory Authority: 3356
Rule Amplifies: 3356
Prior Effective Dates: 7/24/00, 6/16/03, 8/21/10