FC: Questions about PSU filings and Trustee disclosures

[StamfordBridgeVikingatLeftOffensiveTackle]

The university expects conflicts of interest with trustees because they have business ties, a spokesperson wrote in an email. The school’s approach in such instances, the spokesperson said, is determining “not how to eliminate conflicts, but rather, how conflicts should be appropriately disclosed.”

On the other hand:

The board’s bylaws define a conflict as when “a Trustee, family member or related entity has an interest that may lead the Trustee to act in a way that is incompatible with or a breach of the Trustee’s fiduciary duty to the institution or use such Trustee’s role to achieve personal gain or benefit or gain or benefit to family, friends or associates.”

Review of Penn State Contracts Reveals Incorrect Filings, Questions About Trustee Disclosures

A Spotlight PA review found that Penn State reported incorrect contract information, and a university trustee failed to disclose more than $250,000 paid to a related business over three years.

www.statecollege.com

 

[GrimReaper]

The university expects conflicts of interest with trustees because they have business ties, a spokesperson wrote in an email. The school’s approach in such instances, the spokesperson said, is determining “not how to eliminate conflicts, but rather, how conflicts should be appropriately disclosed.”

On the other hand:

The board’s bylaws define a conflict as when “a Trustee, family member or related entity has an interest that may lead the Trustee to act in a way that is incompatible with or a breach of the Trustee’s fiduciary duty to the institution or use such Trustee’s role to achieve personal gain or benefit or gain or benefit to family, friends or associates.”

Review of Penn State Contracts Reveals Incorrect Filings, Questions About Trustee Disclosures

A Spotlight PA review found that Penn State reported incorrect contract information, and a university trustee failed to disclose more than $250,000 paid to a related business over three years.

www.statecollege.com

 

[BobPSU92]

The university expects conflicts of interest with trustees because they have business ties, a spokesperson wrote in an email. The school’s approach in such instances, the spokesperson said, is determining “not how to eliminate conflicts, but rather, how conflicts should be appropriately disclosed.”

On the other hand:

The board’s bylaws define a conflict as when “a Trustee, family member or related entity has an interest that may lead the Trustee to act in a way that is incompatible with or a breach of the Trustee’s fiduciary duty to the institution or use such Trustee’s role to achieve personal gain or benefit or gain or benefit to family, friends or associates.”

Review of Penn State Contracts Reveals Incorrect Filings, Questions About Trustee Disclosures

A Spotlight PA review found that Penn State reported incorrect contract information, and a university trustee failed to disclose more than $250,000 paid to a related business over three years.

www.statecollege.com

So conflicts of interest are not really conflicts. They’re just interests.

 

[BW Lion]

The university expects conflicts of interest with trustees because they have business ties, a spokesperson wrote in an email. The school’s approach in such instances, the spokesperson said, is determining “not how to eliminate conflicts, but rather, how conflicts should be appropriately disclosed.”

On the other hand:

The board’s bylaws define a conflict as when “a Trustee, family member or related entity has an interest that may lead the Trustee to act in a way that is incompatible with or a breach of the Trustee’s fiduciary duty to the institution or use such Trustee’s role to achieve personal gain or benefit or gain or benefit to family, friends or associates.”

Review of Penn State Contracts Reveals Incorrect Filings, Questions About Trustee Disclosures

A Spotlight PA review found that Penn State reported incorrect contract information, and a university trustee failed to disclose more than $250,000 paid to a related business over three years.

www.statecollege.com

Why are you suggesting that PSU should hold their BOT members to a higher level of disclosure and conflict recusal than our Federally elected representatives?

 

[ApexLion]

Glossing over conflicts of interest seamlessly is a prerequisite for being appointed to our BOT.

 

[BobPSU92]

 

[PSU73]

There are simple ‘conflicts of interest’ and the substantially more fruitful ‘conflicts of great inter$t.’

 

[step.eng69]

Why are you suggesting that PSU should hold their BOT members to a higher level of disclosure and conflict recusal this than our Federally elected representatives?

"representatives"........OXYMORON

 

[step.eng69]

The university expects conflicts of interest with trustees because they have business ties, a spokesperson wrote in an email. The school’s approach in such instances, the spokesperson said, is determining “not how to eliminate conflicts, but rather, how conflicts should be appropriately disclosed.”

On the other hand:

The board’s bylaws define a conflict as when “a Trustee, family member or related entity has an interest that may lead the Trustee to act in a way that is incompatible with or a breach of the Trustee’s fiduciary duty to the institution or use such Trustee’s role to achieve personal gain or benefit or gain or benefit to family, friends or associates.”

Review of Penn State Contracts Reveals Incorrect Filings, Questions About Trustee Disclosures

A Spotlight PA review found that Penn State reported incorrect contract information, and a university trustee failed to disclose more than $250,000 paid to a related business over three years.

www.statecollege.com

Thank you for posting, SBVLOT
Very disturbing seeing in writing the graft all of us know was happening.
Bob says it best.....


@BobPSU92

 

[Bwifan]

The university expects conflicts of interest with trustees because they have business ties, a spokesperson wrote in an email. The school’s approach in such instances, the spokesperson said, is determining “not how to eliminate conflicts, but rather, how conflicts should be appropriately disclosed.”

On the other hand:

The board’s bylaws define a conflict as when “a Trustee, family member or related entity has an interest that may lead the Trustee to act in a way that is incompatible with or a breach of the Trustee’s fiduciary duty to the institution or use such Trustee’s role to achieve personal gain or benefit or gain or benefit to family, friends or associates.”

Review of Penn State Contracts Reveals Incorrect Filings, Questions About Trustee Disclosures

A Spotlight PA review found that Penn State reported incorrect contract information, and a university trustee failed to disclose more than $250,000 paid to a related business over three years.

www.statecollege.com

They told us how transparent going forward they would be, they have given us every reason to trust them right?

 

[StamfordBridgeVikingatLeftOffensiveTackle]

Why are you suggesting that PSU should hold their BOT members to a higher level of disclosure and conflict recusal this than our Federally elected representatives?

All I know is that if I see @PSUFTG2 tooling around town in a new McLaren, I'll lose all hope.

 

[Nitt1300]

Glossing over conflicts of interest seamlessly is a prerequisite for being appointed to our BOT.

or the Supreme Court

 

[PSUFTG2]

All I know is that if I see @PSUFTG2 tooling around town in a new McClaren, I'll lose all hope.