PUBLIC ENTERPRISES REGULATORY COMMISSION ACT
Section 6: Disclosure of interest.
(1) A member of the Board who directly or indirectly has an interest in any public enterprise, the affairs of which are being deliberated upon by the Board or is interested in any contract made or proposed to be made by the Commission shall, as soon as possible after the relevant facts have come to his knowledge, disclose the nature of his interest at a meeting of the Board.
(2) A disclosure under subsection (1) of this section shall be recorded in the minutes of meetings of the Board and the member shall -
(a) not take part after such disclosure in any deliberation or decision of the Board with regard to the subject matter in respect of which his interest is thus disclosed; and
(b) be excluded for the purpose of constituting a quorum of any meeting of the Board for any such deliberation or decision.
Cite this section
Section 6, PUBLIC ENTERPRISES REGULATORY COMMISSION ACT (1996).
https://repo.podus.ai/laws/public-enterprises-regulatory-commission-act/section/6/