Singapore legislation

Clause 9

of Economic Development Board Ordinance

Clause 9

Ineligibility for employment as officers of the Board

(1)

No person shall be eligible for employment as an officer of the Board who has, directly or indirectly, by himself or his partner, any share or interest in any contract with, for or on behalf of the Board.

(2)

Any officer of the Board who has or acquires any such share or interest shall be liable in the discretion of the Board to summary dismissal without notice.

(3)

No officer shall be deemed to have or acquire any such share or interest by reason only that —

(a)

he is or becomes a member of an incorporated company which owns land situated in Singapore or has a contract with or executes work for the Board; or

(b)

he has or acquires a share in any loan issued by the Board or in any security for the same.