s. s. 18I 18H (b) the person is the sole proprietor, a partner, a director or an employee of a person who has a pecuniary interest in the matter. (4) Subsection (3) does not apply— (a) to membership of any body (incorporated or not) which results from an appointment or nomination made by the board of an Authority; or (b) to membership or directorship of any body (incorporated or not) if the member or director has no beneficial interest in any capital or income of the body. (5) If a member of a board of an Authority has a pecuniary interest in a matter only because he or she has a beneficial interest in the shares of a body, and if the total nominal value of those shares is not more than $2000 or 1 per cent of the total nominal value of the issued share capital of the body (whichever is less), section 18G does not preclude the member from taking part in the consideration of the matter. (6) If the share capital of a body is of more than one class, subsection (5) does not apply if the total nominal value of all the shares of any one class in which the member has a beneficial interest is more than 1 per cent of the total nominal value of the issued share capital of that class of the body. (7) The interest of a member's spouse or domestic partner must, if known to the member, be taken to be an interest of the member for the purposes of this section. 18I Pecuniary interest does not prevent voting and S. 18I inserted by consideration of some questions No. 85/2006 s. 151. Nothing in section 18G precludes any person from taking part in the consideration of, or voting on—
(b) the person is the sole proprietor, a partner, a director or an employee of a person who has a pecuniary interest in the matter. s. 18H (4) Subsection (3) does not apply— (a) to membership of any body (incorporated or not) which results from an appointment or nomination made by the board of an Authority; or (b) to membership or directorship of any body (incorporated or not) if the member or director has no beneficial interest in any capital or income of the body. (5) If a member of a board of an Authority has a pecuniary interest in a matter only because he or she has a beneficial interest in the shares of a body, and if the total nominal value of those shares is not more than $2000 or 1 per cent of the total nominal value of the issued share capital of the body (whichever is less), section 18G does not preclude the member from taking part in the consideration of the matter. (6) If the share capital of a body is of more than one class, subsection (5) does not apply if the total nominal value of all the shares of any one class in which the member has a beneficial interest is more than 1 per cent of the total nominal value of the issued share capital of that class of the body. (7) The interest of a member's spouse or domestic partner must, if known to the member, be taken to be an interest of the member for the purposes of this section. S. 18I inserted by No. 85/2006 s. 151. 18I Pecuniary interest does not prevent voting and consideration of some questions s. 18I Nothing in section 18G precludes any person from taking part in the consideration of, or voting on—