sec.28Disclosure of interests

### sec.28 Disclosure of interests This section applies to a member of the board (the interested member ) if— the interested member has a direct or indirect interest in an issue being considered, or about to be considered, by the board; and the interest could conflict with the proper performance of the interested member’s duties about the consideration of the issue. After the relevant facts come to the interested member’s knowledge, the member must disclose the nature of the interest to a board meeting. Unless the board otherwise directs, the interested member must not— be present when the board considers the issue; or take part in a decision of the board about the issue. The interested member must not be present when the board is considering whether to give a direction under subsection (3) . If there is another person who must, under subsection (2) , also disclose an interest in the issue, the other person must not— be present when the board is considering whether to give a direction under subsection (3) about the interested member; or take part in making the decision about giving the direction. If— because of this section, a board member is not present at a board meeting for considering or deciding an issue, or for considering or deciding whether to give a direction under subsection (3) ; and there would be a quorum if the member were present; the remaining members present are a quorum of the board for considering or deciding the issue, or for considering or deciding whether to give the direction, at the meeting. If there are no members who may remain present for considering or deciding an issue, the responsible Ministers may, by each signing consent to a proposed resolution, consider and decide the issue. A disclosure under subsection (2) must be recorded in the board’s minutes. (sec.28-ssec.1) This section applies to a member of the board (the interested member ) if— the interested member has a direct or indirect interest in an issue being considered, or about to be considered, by the board; and the interest could conflict with the proper performance of the interested member’s duties about the consideration of the issue. (sec.28-ssec.2) After the relevant facts come to the interested member’s knowledge, the member must disclose the nature of the interest to a board meeting. (sec.28-ssec.3) Unless the board otherwise directs, the interested member must not— be present when the board considers the issue; or take part in a decision of the board about the issue. (sec.28-ssec.4) The interested member must not be present when the board is considering whether to give a direction under subsection (3) . (sec.28-ssec.5) If there is another person who must, under subsection (2) , also disclose an interest in the issue, the other person must not— be present when the board is considering whether to give a direction under subsection (3) about the interested member; or take part in making the decision about giving the direction. (sec.28-ssec.6) If— because of this section, a board member is not present at a board meeting for considering or deciding an issue, or for considering or deciding whether to give a direction under subsection (3) ; and there would be a quorum if the member were present; the remaining members present are a quorum of the board for considering or deciding the issue, or for considering or deciding whether to give the direction, at the meeting. (sec.28-ssec.7) If there are no members who may remain present for considering or deciding an issue, the responsible Ministers may, by each signing consent to a proposed resolution, consider and decide the issue. (sec.28-ssec.8) A disclosure under subsection (2) must be recorded in the board’s minutes. - (a) the interested member has a direct or indirect interest in an issue being considered, or about to be considered, by the board; and - (b) the interest could conflict with the proper performance of the interested member’s duties about the consideration of the issue. - (a) be present when the board considers the issue; or - (b) take part in a decision of the board about the issue. - (a) be present when the board is considering whether to give a direction under subsection (3) about the interested member; or - (b) take part in making the decision about giving the direction. - (a) because of this section, a board member is not present at a board meeting for considering or deciding an issue, or for considering or deciding whether to give a direction under subsection (3) ; and - (b) there would be a quorum if the member were present;