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National Small Business Act, 1996 (Act No. 102 of 1996)

Chapter 3: Small Enterprise Development Agency

13A. Conflict of interest

 

1) A member may not engage in any paid employment or any other activity that conflicts with the proper performance of his or her functions as a member.

 

2) A member who has a direct or indirect pecuniary interest or any other interest in a matter being considered by the Board must, without delay after the relevant facts have come to the member’s knowledge, disclose the nature of the interest at a meeting of the Board.

 

3) A disclosure in terms of subsection (2) must be recorded in the minutes of the meeting and the member may not, unless the Board otherwise determines-
a) be present during any deliberation of the Board with regard to that matter; or
b) take part in any decision of the Board with regard to that matter.