Malaysia legislation
Section 68
Section 68
(2)
Where a corporation has an interest in the shipping industry, a member of the Committee shall be deemed to have a financial interest in that corporation if—
(a)
the corporation is, or its directors are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of that member in relation to any matter;
(b)
that member has a controlling interest in the corporation; or
(c)
that member and his associates are entitled to exercise or control the exercise of not less than one-tenth of the votes attached to the voting shares in the corporation.
Merchant Shipping (Amendment)
33
Financial interest of spouse or child of member.