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If a director has a personal financial interest in a matter to be considered ...
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If a director has a personal financial interest in a matter to be considered at a board meeting
1. the director should disclose his interest and the general nature thereof before the meeting.
2. the director must only disclose his interest and the general nature thereof if it is material before the meeting.
3. the director may not vote on the approval of the matter, however the “interested” director remains part of the quorum.
4. the director may not vote on the approval of the matter, the “interested” director does not remain part of the quorum.
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