is one in which the person or immediate family member has, directly or indirectly, through business, or investment:
A. An ownership or investment interest in any entity with which SFCC has a transaction or arrangement,
B. A compensation arrangement with any entity or individual with which the College is negotiating a transaction or arrangement, or a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which SFCC is negotiating a transaction or arrangement.
C. A financial interest is not necessarily a conflict of interest. A person who has a financial interest may have a conflict of interest only if the Board or appropriate committee decides that a conflict of interest exists.