20Health executive to report bankruptcy etc

20 Health executive to report bankruptcy etc

20 Health executive to report bankruptcy etc

(cf cl 10 GSE Reg 2014)

(1) If a Health executive becomes bankrupt or makes a composition, arrangement or assignment for the benefit of the executive’s creditors, the executive must:

(a) immediately notify the executive’s employer in writing of the bankruptcy, composition, arrangement or assignment, and

(b) within such period as the employer specifies, provide the employer with such further information with respect to the cause of the bankruptcy or of the making of the composition, arrangement or assignment as the employer requires.

(2) The employer of a Health executive may, as a condition of the engagement of the person in an executive role relating to financial management, require the person to declare, before the person is engaged in that role, whether or not the person has at any time been declared bankrupt or made a composition, arrangement or assignment for the benefit of the person’s creditors.