Corporate Governance

The principles articulated here to provide guidance in the management of formal relationships between employees of Vital Art and Science Incorporated (VAS) and their customers and grantors in order to ensure that the design, conduct, and reporting of sponsored research will not be biased by any conflicting financial interests.

Under the Public Health Service (PHS) and National Science Foundation (NSF) final rules on Objectivity in Research (Federal Register, August 25, 2011) each investigator is required to disclose a listing of his/her significant financial interests, as well as those of his/her spouse and dependent children, that would reasonably appear to be affected by the research purposed for funding by the
PHS or the NSF. If, after review of these disclosures, it is determined that the reported financial interests could directly and significantly affect the design, conduct, or reporting of the research, the Company will report the existence of such conflicting interests to the sponsor and act to protect the resulting research from bias owing to the conflict of interest. This policy statement is intended to satisfy current Federal rules for disclosure with regard to projects funded by the PHS or the NSF.

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