Castle Management Act, 1993 (Act No. 207 of 1993)11. Disclosure of conflict of interests |
| (1) | Subject to the provisions of subsection (2), no member shall vote or in any other manner participate in or be present at the proceedings of a meeting of the Board if, in respect of any matter before the Board, he or she has an interest which precludes him or her from exercising his or her powers or performing his or her functions or duties as such member in a proper manner. |
| (2) | If at any stage during the course of any proceedings of the Board it appears that a member has or may have any interest which may cause a conflict of interests to arise on his or her part with regard to the business at hand before the Board— |
| (a) | such member shall forthwith fully disclose the nature of his or her interest and leave the meeting so as to enable the remaining members to decide whether such member is precluded from participating in such meeting by reason of his or her conflicting interests; and |
| (b) | such disclosure and decision shall be recorded in the minutes of that meeting. |
| (3) | Any discussion of or resolution by the Board taken or passed in breach of the provisions of this section, shall, subject to the provisions of section 12, be void and of no effect. |