Get State Of Illinois Financial Disclosures And Conflicts Of Interest Form

Financial interest disclosure is confidentially revealing to a university official the details of your personal significant financial holdings that appear to be related to your institutional responsibilities.

Financial disclosure is the submission of information concerning compensation to, and financial interests and arrangements of, any clinical investigator conducting clinical studies.

Financial interest means anything of monetary value, including but not limited to compensation, equity, gifts, and intellectual property of an investigator or the immediate family member of an investigator, whether or not the value is readily ascertainable.

Individuals are required to file a Financial Disclosure Statement once they “qualify” as a candidate by raising or spending more than $5,000 in a campaign for election to the House of Representatives. Both the office-seeker's own funds and contributions from third parties count towards the threshold.

The Illinois Statute governing conflicts of interest prohibits any public official from having any interest "in any contract or the performance of any work in the making or letting of which such officers may be called upon to act or vote" [50 ILCS 105/3 et seq.].

Importance of Disclosures Increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.