Disclosure of interests to the Board
22 Disclosure of interests to the Board
This section only applies to the extent that the Board does a thing relating to CSC’s management and investment of money that forms part of a superannuation fund administered by CSC.
A director who has any interest, pecuniary or otherwise, in a matter being considered or about to be considered by the Board must disclose the nature of the interest to a meeting of the Board.
The disclosure must be made as soon as possible after the relevant facts have come to the director’s knowledge.
The disclosure must be recorded in the minutes of the meeting.
Unless the Minister or the Board otherwise determines, the director:
must not be present during any deliberation by the Board on the matter; and
must not take part in any decision of the Board with respect to the matter.
For the purposes of making a determination of the Board under subsection (5), the director:
must not be present during any deliberation of the Board for the purpose of making the determination; and
must not take part in making the determination.
A determination under subsection (5) must be recorded in the minutes of the meeting.
This section applies in addition to section 29 of the Public Governance, Performance and Accountability Act 2013 (which deals with the duty to disclose interests).
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