sec.126AConflict of interest of executive committee member [SM, s 53 ]

sec.126A Conflict of interest of executive committee member [SM, s 53 ]

A member of the executive committee must disclose to a meeting of the committee the member’s direct or indirect interest in an issue being considered, or about to be considered, by the committee if the interest could conflict with the appropriate performance of the member’s duties about the consideration of the issue. If a member required under subsection (1) to disclose an interest in an issue is a voting member of the executive committee, the member is not entitled to vote on a motion involving the issue. A person who holds the proxy of a member of the executive committee must disclose to a meeting of the executive committee the proxy holder’s direct or indirect interest in an issue being considered, or about to be considered, by the executive committee if the interest could conflict with the appropriate performance of the proxy holder’s duties about the consideration of the issue. A proxy holder required under subsection (3) to disclose an interest in an issue must not vote as the proxy on a motion involving the issue. A person who holds the proxy of a member of the executive committee must disclose to a meeting of the executive committee the member’s direct or indirect interest in an issue being considered, or about to be considered, by the executive committee if the proxy holder is aware that the member, if present, would be required under subsection (1) to disclose the interest. A proxy holder required under subsection (5) to disclose an interest in an issue must not vote as the proxy on a motion involving the issue. s 126A ins 2009 No. 26 s 26 (sec.126A-ssec.1) A member of the executive committee must disclose to a meeting of the committee the member’s direct or indirect interest in an issue being considered, or about to be considered, by the committee if the interest could conflict with the appropriate performance of the member’s duties about the consideration of the issue. (sec.126A-ssec.2) If a member required under subsection (1) to disclose an interest in an issue is a voting member of the executive committee, the member is not entitled to vote on a motion involving the issue. (sec.126A-ssec.3) A person who holds the proxy of a member of the executive committee must disclose to a meeting of the executive committee the proxy holder’s direct or indirect interest in an issue being considered, or about to be considered, by the executive committee if the interest could conflict with the appropriate performance of the proxy holder’s duties about the consideration of the issue. (sec.126A-ssec.4) A proxy holder required under subsection (3) to disclose an interest in an issue must not vote as the proxy on a motion involving the issue. (sec.126A-ssec.5) A person who holds the proxy of a member of the executive committee must disclose to a meeting of the executive committee the member’s direct or indirect interest in an issue being considered, or about to be considered, by the executive committee if the proxy holder is aware that the member, if present, would be required under subsection (1) to disclose the interest. (sec.126A-ssec.6) A proxy holder required under subsection (5) to disclose an interest in an issue must not vote as the proxy on a motion involving the issue.