Singapore legislation
Clause 9
of Singapore Institute of Standards and Industrial Research Bill
Clause 9
Institute member’s interest in contract to be made known
(1)
A member of the Institute who is directly or indirectly interested in a contract made, or proposed to be made, by the Institute shall disclose the nature of his interest at the first meeting of the Institute at which he is present after the relevant facts have come to his knowledge.
(2)
A disclosure under subsection (1) of this section shall be recorded in the minutes of the Institute and, after the disclosure, that member of the Institute —
shall not take part in any deliberation or decision of the Institute with respect to that contract; and
shall be disregarded for the purpose of constituting a quorum of the Institute for any such deliberation or decision.
(3)
No act or proceeding of the Institute shall be questioned on the ground that a member of the Institute has contravened the provisions of this section.