Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Special Economic Zones Act, 2014 (Act No. 16 of 2014)RegulationsSpecial Economic Zones Governance and Management Regulations9. Fiduciary duties of Board members |
(1) A member of the Board—
| (a) | must act honestly, in good faith and in the best interest of the Special Economic Zone; |
| (b) | has a duty of care and diligence in fulfilling the functions and exercising the powers assigned to the Board members; |
| (c) | must not act in a way that is inconsistent with the functions of the Board in terms of this Act; and |
| (d) | must not use the position, privilege or confidential information obtained as a member of the Board for personal gain or to improperly benefit another person. |
| (2) | Confidential information received by a member of the Board in the course of performing the functions or exercising the duties of the Board remains the property of the Special Economic Zone. |
| (3) | No member of the Board shall be entitled to disclose confidential information, except where required to do so in terms of the law, without the prior written consent of the Board. |
