Section 11: Disclosure of interest

(1) A member of the Board of the Commission who is directly or indirectly interested in:
(a) the affairs of any company or enterprise being deliberated upon by the Board of the Commission; or
(b) any contract made or proposed to be made by the Board of the Commission shall, as soon as possible after relevant facts have come to his knowledge, disclose the nature of his interest to the Commission at the meeting of the Board of the Commission.
(2) A disclosure made under subsection (1) of this section shall be recorded in the minutes of the meeting of the Board of the Commission and the member after the disclosure shall :
(a) not participate or continue to participate in any deliberation or decision of the Board of the Commission with regard to the subject-matter in respect of which his interest is so disclosed; and
(b) be excluded for the purpose of constituting a quorum of the Board of the Commission from any deliberation or decision on the subject matter.