The Financial Conflict of Interest (FCOI) Committee has implemented a guideline for its review of certain “Significant Financial Interests” disclosed by faculty members.
In accordance with federal regulations and Columbia policy, the FCOI Committee reviews disclosed paid activities that exceed a $5,000-per-year threshold and relate to research. However, the FCOI Committee has determined that certain paid activities that exceed this threshold may be reviewed and cleared administratively by the Office of Research Compliance and Training without full review by the FCOI Committee. These include service on a data safety monitoring board (DSMB), scientific advisory board (SAB), or similar body, where payments do not exceed $25,000 per year.
SAB work subject to this guideline should typically meet the following criteria:
1. SABs covered by the guideline typically have a specific scope of review. They are a group of experts that meet on a regular basis and provide scientific recommendations and input to the company.
2. SABs covered by the guidelines are distinct from ad hoc consulting or speaking engagements.
3. The SAB engagement should be covered by an SAB agreement between the faculty member and company that reflects the specific scope of the SAB work.
