Malaysia legislation
Section 13
of CO-OPERATIVE INSTITUTE (INCORPORATION) ACT 1968 (REVISED—2025)
Section 13
(a)
any interest in any company or undertaking with which the Board proposes to enter into a contract; or
Laws of Malaysia 16 16
Act 865
(b)
any interest in any such contract or in any matter under discussion by the Board, shall disclose to the Board the fact of his interest and its nature.
(2)
A disclosure under subsection (1) shall be recorded in the minutes of the Board and, unless specifically authorized by the
Chairman, such member shall take no part in any deliberation or decision of the Board relating to the contract or matter.
(3)
No act or proceedings of the Board shall be invalidated on the ground that any member of the Board has contravened this section.
Board may invite others to meetings