No person may be employed by the Board whose employment would create a

No person may be employed by the Board whose employment would create a substantial conflict of interest based upon, but not limited to: (a) Persons closely related by family (such as spouses or other members of the immediate family or household) or by material financial ties (as defined under the ethics regulations pertaining to independence) to a Board member or to another employee of the Board. (b) Persons who are concurrently employed by a Board member.