In force2019 Revised EditionCurrent version · 2019 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Brunei Investment Agency Act · 2019 Revised Edition · Part · Establishment and Administration of Agency
Brunei Investment Agency Act · 2019 Revised Edition · Part · Establishment and Administration of Agency
Official textFrom Attorney General's Chambers, unchanged
A director who is directly or indirectly interested in a contract or investment made or disposed of, or proposed to be made or disposed of, by the Agency shall disclose the nature of his interest at the first meeting of the
director
“director” means a director appointed under section 5(2) and the Chairman of the Board and the Deputy Chairman;
Board at which he is present after the relevant facts have come to his knowledge.
Brunei Investment Agency 12
A disclosure under subsection (1) shall be recorded in the minutes of the Board and, after the disclosure, the director —
shall not take part in any deliberation or decision of the
Board with respect to that contract; and
shall be disregarded for the purpose of constituting a quorum of the Board for any such deliberation or decision.
No act or proceedings of the Board shall be questioned by any person who is not a member of the Board on the ground that a director has contravened the provisions of this section.
director
“director” means a director appointed under section 5(2) and the Chairman of the Board and the Deputy Chairman;
Part
Part