Malaysia legislation
Section 8
Section 8
Disclosure of interest in contracts by members of Port Authorities
Any member of a Port Authority who has any interest in any company or undertaking with which that Port Authority proposes to make any contract shall disclose that interest to the Port
Authority and the value thereof, and such disclosure shall be recorded in the minutes of the Port Authority.
(2)
No such member shall take part in any discussion or decision of the Port Authority relating to such a contract unless expressly authorized to do so by the chairman thereof, which authorization shall be recorded in the minutes of the Port Authority.
16
Functions of Port Authorities