1-An example of an individual financial COI is:

A researcher's wife works at the same university as the researcher.  

A researcher's 10-year-old son wins a local science competition, the prize for which is a $5,000 scholarship to a workshop sponsored by a local company that sponsors one of the researcher's ongoing projects.  

A researcher's wife holds equity in a publicly traded pharmaceutical company that is also the sponsor of the researcher's study. 

A researcher is considering buying stock in a publicly traded company that specializes in making and delivering hand tossed pizza. 

2-The COI management plan aims to:

Provide procedures or extras steps to be taken to minimize the risk of bias when a COI is disclosed 

Eliminate all COIs in research when a COI is disclosed 

Address disclosure of COIs in multi-center research when a COI is disclosed 

Reduce IRB review burden when a COI is disclosed

3-During an Institutional Review Board (IRB) meeting, any IRB member who may have a potential COI with a study under review should:

Leave the meeting immediately 

Disclose their potential COI and not participate in any action 

Disclose their potential COI and may answer questions, but recuse themselves from voting 

Disclose their potential COI, but not answer any questions about the study