Pembangunan Sumber Manusia Berhad Act 2001 · Updated to 1 Nov 2017 · Part II · The Corporation
11. Disclosure of interest
Feedback & supportA member of the Board or any committee established by the Board having directly or indirectly any interest in relation to any matter under discussion by the Board or the committee shall disclose to the Board or committee the existence of his interest and the nature of that interest.
A disclosure under subsection (1) shall be recorded in the minutes of the Board or the committee.
Upon the disclosure under subsection (1) the member—
shall not take part nor be present in any deliberation or decision of the Board or the committee; and
shall be disregarded for the purpose of constituting a quorum of the Board or the committee, relating to the matter.
A member of the Board or a committee who contravenes subsection (1) commits an offence and shall on conviction be liable to a fine not exceeding two thousand ringgit or to imprisonment for a term not exceeding six months or to both.
No act or proceedings of the Board or a committee shall be invalidated on the ground that any member of the Board or the committee has contravened the provisions of this section.
Pembangunan Sumber Manusia Berhad 15