Section 43: Conflicts of duties and interests.

(1) The personal interest of a director shall not conflict with any of his duties as a director under this Act.
(2) A director shall not-
(a) in the course of management of affairs of the public enterprise; or
(b) in the utilisation of the property of the public enterprise, make any secret profit or obtain other improper benefits.
(3) A director shall be accountable to the public enterprise for any secret profit made by him or any improper benefit obtained by him contrary to the provisions of subsection (2) of this section.
(4) A director shall not be liable under this section if he discloses his interests before the transaction or before the secret profit is made.