In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · As enacted · Part III
Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · As enacted · Part III
Official textFrom Attorney General's Chambers, unchanged
A director who is, directly or indirectly, interested in the subject-matter of a decision or contract made, or proposed to be made, by the Authority shall disclose the nature of his interest at the first meeting of the board at which he is present after the relevant facts have come to his knowledge.
director
"director" means a director of the board appointed under section 12(1);
5012
{2)
A disclosure under subsection (1) shall be recorded in the minutes of the board and, after the disclosure, the director-
board
"board" means the board of directors of the Authority established by section 11(1);
(a} shall not take part in any deliberation or decision of the board with respect to that decision or contract; and
(b} shall be disregarded for the purpose of constituting a quorum of the board for any such decision.
{3)
No act or proceeding of the board shall be questioned on the ground that a director has contravened this section.
board
"board" means the board of directors of the Authority established by section 11(1);
director
"director" means a director of the board appointed under section 12(1);
Part VI
Part VIII