Companies Act, 2019 (Act 992)
Section 357 - Disclosure of interest
(1) A member of the Board who has an interest in a matter for consideration by the Board shall
(a) disclose the nature of the interest and the disclosure shall form part of the record of the consideration of the matter; and
(b) not participate in the deliberations of the Board in respect of that matter.
(2) A member ceases to be a member of the Board, if that member has an interest in a matter before the Board and
(a) fails to disclose that interest, or
(b) participates in the deliberations of the Board in respect of the matter.
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