Section 9Part 2 — Establishment and Administration of National Roads Authority
Disclosure of director's interests
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If a director has any pecuniary interest, direct or indirect, in any contract, proposed contract, licence or other matter and is present at a meeting of the Board at which any of the foregoing is to be considered, that director shall, at or before the meeting or before the matter is considered, disclose the fact and shall leave the meeting for the duration of and not take part in the consideration or discussion of or vote on the matter.
Any director who fails to comply with subsection (1) commits an offence and is liable —
on summary conviction, to a fine of five thousand dollars and to imprisonment for six months; and
on conviction on indictment, to a fine of ten thousand dollars and to imprisonment for two years, unless the director proves that the said director did not know that the matter in which that person had a pecuniary interest was the subject of consideration at that meeting.
A disclosure under subsection (1) shall be recorded in the minutes of the Board meetings.
No act or proceeding of the Board shall be questioned on the ground that a director contravened this section.
This section does not apply to an interest in a contract or licence or proposed contract or licence or other matter which a director has as a member of the public or to an interest in any matter relating to the terms on which the right to participate in any service is offered to the public.
Defined Terms
pecuniary interestdirector