Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsDisclosure of interest
| 7. A Director who is directly or indirectly interested, financially or otherwise, in any project, undertaking or contract undertaken or made, or proposed to be undertaken or made, by the Board shall disclose his interest at a meeting of the Board, at the earliest possible opportunity, and such disclosure shall be recorded in the minutes of the Board ; and such Director shall not thereafter take part in any deliberation or decision of the Board with regard to such project, undertaking or contract, unless the Board otherwise directs. |