sec.119Disclosure of interest

sec.119 Disclosure of interest

This section applies to a member if— the member has a direct or indirect financial or personal interest in a matter being considered, or about to be considered, by the board; and the interest could conflict with the proper performance of the member’s duties for considering the matter. As soon as practicable after the relevant facts come to the member’s knowledge, the member must disclose the nature of the interest to a board meeting. The disclosure must be recorded in the board’s minutes. Unless the board otherwise decides, the member must not— be present when the board considers the matter; or take part in a decision of the board about the matter. The member must not be present when the board is considering its decision under subsection (4) . Another member who also has a direct or indirect financial or personal interest in the matter must not— be present when the board is considering its decision under subsection (4) ; or take part in making the decision. Subsection (8) applies if— because of this section, a member is not present at a board meeting for considering a matter, or for considering a decision under subsection (4) ; and there would be a quorum if the member were present. The members present are a quorum of the board for considering the matter, or for considering a decision under subsection (4) , at the meeting. (sec.119-ssec.1) This section applies to a member if— the member has a direct or indirect financial or personal interest in a matter being considered, or about to be considered, by the board; and the interest could conflict with the proper performance of the member’s duties for considering the matter. (sec.119-ssec.2) As soon as practicable after the relevant facts come to the member’s knowledge, the member must disclose the nature of the interest to a board meeting. (sec.119-ssec.3) The disclosure must be recorded in the board’s minutes. (sec.119-ssec.4) Unless the board otherwise decides, the member must not— be present when the board considers the matter; or take part in a decision of the board about the matter. (sec.119-ssec.5) The member must not be present when the board is considering its decision under subsection (4) . (sec.119-ssec.6) Another member who also has a direct or indirect financial or personal interest in the matter must not— be present when the board is considering its decision under subsection (4) ; or take part in making the decision. (sec.119-ssec.7) Subsection (8) applies if— because of this section, a member is not present at a board meeting for considering a matter, or for considering a decision under subsection (4) ; and there would be a quorum if the member were present. (sec.119-ssec.8) The members present are a quorum of the board for considering the matter, or for considering a decision under subsection (4) , at the meeting.

• (a) the member has a direct or indirect financial or personal interest in a matter being considered, or about to be considered, by the board; and