Conflicts of interest

Current

If the chief executive officer has an interest that conflicts, or may conflict, with the discharge of the officer’s responsibilities, the officer—

(a)

must disclose the nature of the interest and conflict to the board as soon as practicable after the relevant facts come to the officer’s knowledge; and

(b)

must not take action or further action concerning a matter that is, or may be, affected by the conflict unless authorised by the board.

This Act’s bill:Explanatory memorandum Second reading speech

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56 Conflicts of interest