sec.19Disclosure of interest

sec.19 Disclosure of interest

A member who has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the board must, as soon as possible after the relevant facts come to the member’s knowledge, disclose the interest to a meeting of the board. The disclosure is to be recorded in the minutes of the meeting, and, unless the board otherwise determines, the member concerned must not— be present during the consideration by the board of the matter in question; and take part in any decision of the board in respect of the matter. A member who makes a disclosure must not— be present during any deliberation by the board as to whether to make a determination under subsection (2) in respect of the member; and take part in the making by the board of such a determination. (sec.19-ssec.1) A member who has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the board must, as soon as possible after the relevant facts come to the member’s knowledge, disclose the interest to a meeting of the board. (sec.19-ssec.2) The disclosure is to be recorded in the minutes of the meeting, and, unless the board otherwise determines, the member concerned must not— be present during the consideration by the board of the matter in question; and take part in any decision of the board in respect of the matter. (sec.19-ssec.3) A member who makes a disclosure must not— be present during any deliberation by the board as to whether to make a determination under subsection (2) in respect of the member; and take part in the making by the board of such a determination.

• (a) be present during the consideration by the board of the matter in question; and
• (b) take part in any decision of the board in respect of the matter.
• (a) be present during any deliberation by the board as to whether to make a determination under subsection (2) in respect of the member; and
• (b) take part in the making by the board of such a determination.