Auditor ship or directorship of companies

(1) Except in cases of companies in which the majority shares are held by or on behalf of the Government, Officers are not allowed to accept the auditorships or directorships of, or hold shares in, business organizations or companies without the approval of the Governor-General or the Committee. (2) Approval may be granted by the Committee or the Governor-General for an Officer to be an auditor or director of a company where there is no conflict of interest and shall be considered on a case-by-case basis after consultation with the Clerk (if the Clerk is not the Officer concerned), or with the Minister in the case of the Clerk. CAP.5.