9. Financial interest of the members of the Board

The Minister shall, prior to appointing a person as a member of the Board, satisfy himself that such person has no financial or other interest in the affairs of the Authority, as is likely to affect prejudicially, the discharging of his functions as a member of the Board.

The Minister shall also satisfy himself, from time to time, that no member of the Board has since being appointed to the Board acquired any such interest.

A member of the Board who is in any way, directly or indirectly, interested in any contract made or proposed to be made by the Authority shall disclose the nature of his interest at a meeting of the Board and such disclosure shall be recorded in the minutes of the Authority and such member shall not participate in any deliberation or decision of the

For the purposes of this section, a member of the Board includes the Chairman, the Vice-Chairman, an ex-officio member and an appointed member of the Board.