University of Oklahoma President David Boren is concerned that proposed ethics rules changes will be burdensome and deter some from serving as regents.
The state Ethics Commission has a proposed rule change requiring more disclosure about financial interests, property and income. The changes require more reporting on the specific sources of income, if it exceeds $5,000. Under the amendment, the regents, university presidents, statewide elected officers, Cabinet secretaries and upper-level staff members in the governor’s office would have to disclose spousal income and where it came from. It also would require reporting of spousal connections to nonprofit organizations, if the spouse is a director or officer. The rule would require more detailed information about the individual’s property holdings, investments and fiduciary relations with companies. Click here to read the complete article at Tulsaworld.com