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Regulation 7 Procedure in meetings of the directors if a director has an interest in a matter to be discussed

Original text. Later amendments are not shown.

The constitution of a school company must provide that whenever a director has an interest, whether pecuniary or non-pecuniary, in a matter to be discussed at a meeting of the directors or a committee, the director concerned must:–

(a)

declare an interest at the time that, or before, discussion begins on the matter;

(b)

withdraw from the meeting for that item;

(c)

not be counted in the quorum for that part of the meeting; and

(d)

withdraw during the vote and have no vote on the matter.