28DDirector may be required to divest of material personal interest

28D Director may be required to divest of material personal interest

[Section 28D Inserted by No. 42 of 2002, s. 18, Applied:27 Nov 2002] If the Portfolio Minister and Treasurer consider that a material personal interest held by a director is such that holding the interest is not consistent with the proper discharge of his or her duties as director, the Portfolio Minister and Treasurer, jointly, may require the director to either divest himself or herself of the interest or resign as director.