sec.93Conflict of interest

sec.93 Conflict of interest

If a director of the board has a personal or pecuniary interest that appears likely to conflict, or is capable of conflicting, with the proper exercise of the director’s discretion or the proper performance of the director’s duty in respect of a matter under this Act, the director must— disclose the interest to the Minister; and take no action in relation to the matter, except as authorised by the Minister. The Minister may direct a director of the board who has such an interest to take specified action with a view to resolving the possible conflict. A director of the board to whom a direction under subsection (2) is given must either comply with the direction so as to resolve the possible conflict or resign as a director. s 93 amd 1994 No. 65 s 3 sch (sec.93-ssec.1) If a director of the board has a personal or pecuniary interest that appears likely to conflict, or is capable of conflicting, with the proper exercise of the director’s discretion or the proper performance of the director’s duty in respect of a matter under this Act, the director must— disclose the interest to the Minister; and take no action in relation to the matter, except as authorised by the Minister. (sec.93-ssec.2) The Minister may direct a director of the board who has such an interest to take specified action with a view to resolving the possible conflict. (sec.93-ssec.3) A director of the board to whom a direction under subsection (2) is given must either comply with the direction so as to resolve the possible conflict or resign as a director.

• (a) disclose the interest to the Minister; and
• (b) take no action in relation to the matter, except as authorised by the Minister.