Section 34: Disclosure of interest
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
34. Disclosure of interest
(1) A member of a Council shall, on becoming aware that he has an
interest in a transaction or proposed transaction with the Foundation, forthwith disclose the nature and extent of his interest at a meeting of the Council
as well as, where the monetary value of the member’s interest car be quantified, the monetary value of that interest.
(2) A member of a Council shall not be required to comply with subsection (1) where—
(a) the transaction or proposed transaction is between him and the
Foundation; and
(b) the transaction or proposed transaction is, or is to be, entered
into in the ordinary course of the Foundation’s business and on
usual terms and conditions.
(3) A failure by a member to comply with subsection (1) shall not affect
the validity of a transaction entered into by the Foundation or the member.
(4) This section shall apply to a protector or a committee of protectors as
it applies to a member of the Council.