7Disclosure of pecuniary and other interests

7 Disclosure of pecuniary and other interests

7 Disclosure of pecuniary and other interests

(1) A member must, as soon as practicable after the relevant facts have come to the member’s knowledge, disclose the nature of a pecuniary or other interest at a meeting of the committee if—

(a) the member has a pecuniary or other interest in a matter being considered or about to be considered at a meeting of a committee, and

(b) the interest appears to raise a conflict with the proper performance of the member’s duties in relation to the consideration of the matter.

(2) A disclosure by a member at a meeting of a committee that the member—

(a) is a director, or is in the employment, of a specified company or other body, or

(b) is a partner, or is in the employment, of a specified person, or

(c) has some other specified interest relating to a specified company or other body or to a specified person,

is a sufficient disclosure of the nature of the interest in a matter relating to that company or other body or to that person which may arise after the date of the disclosure and which is required to be disclosed under subclause (1).

(3) Particulars of a disclosure made under this clause must be recorded by the committee and made available to a person on request.

(4) After a member has disclosed the nature of an interest in a matter, the member must not, unless the committee otherwise determines—

(a) be present during a deliberation of the committee with respect to the matter, or

(b) take part in a decision of the committee with respect to the matter.

(5) For the purposes of making a determination under subclause (4), a member who has a pecuniary or other interest in a matter to which the disclosure relates must not—

(a) be present during a deliberation of the committee for the purpose of making the determination, or

(b) take part in the making of the determination.

(6) A contravention of this clause does not invalidate a decision of the committee.