soon as possible after becoming aware of the interest. (2) A member of a Board who holds an office or possesses property as a result of which, directly or indirectly, duties or interests may be created in conflict with the duties as a member, member’s must disclose that fact at a meeting of the Board as soon as possible after becoming aware of the potential conflict. (3) The person presiding at a meeting at which a disclosure under this section is made must cause that disclosure to be recorded in the minutes of the meeting. (4) A person who has made a disclosure under this section must not take any further part in the discussion of or vote on the contract or other matter to which the disclosure relates. (5) If a member votes on a matter in contravention of subsection (4), his or her vote must be disallowed. Division 3—Corporate plans and financial matters of Boards 53 Corporate plans of Boards (1) Each Board must prepare a corporate plan each year. (2) Each Board must give a copy of its proposed plan to the Minister on or before 31 July in each year, or such other time as the Minister may specify. (3) The proposed corporate plan must be in or to the effect of a form approved by the Minister and must include— (a) a statement of corporate intent in accordance with section 54;
soon as possible after becoming aware of the interest. (2) A member of a Board who holds an office or possesses property as a result of which, directly or indirectly, duties or interests may be created in conflict with the member’s duties as a member, must disclose that fact at a meeting of the Board as soon as possible after becoming aware of the potential conflict. (3) The person presiding at a meeting at which a disclosure under this section is made must cause that disclosure to be recorded in the minutes of the meeting. (4) A person who has made a disclosure under this section must not take any further part in the discussion of or vote on the contract or other matter to which the disclosure relates. (5) If a member votes on a matter in contravention of subsection (4), his or her vote must be disallowed. Division 3—Corporate plans and financial matters of Boards 53 Corporate plans of Boards (1) Each Board must prepare a corporate plan each year. (2) Each Board must give a copy of its proposed plan to the Minister on or before 31 July in each year, or such other time as the Minister may specify. (3) The proposed corporate plan must be in or to the effect of a form approved by the Minister and must include— (a) a statement of corporate intent in accordance with section 54;