Disclosure of interest

(1) Where– (a) a Director has a direct or indirect pecuniary interest in a matter being considered, or about to be considered, by the Authority; and (b) the interest could conflict with the proper performance of the Director’s duties in relation to the consideration of the matter, then the Director shall, as soon as practicable after the relevant facts have come to the Director’s knowledge, disclose the nature of the interest at the next meeting of the Board. (2) A disclosure under sub-section (1) shall be recorded in the minutes of the meeting and the interested Director shall not vote thereat.