32 Disclosure Of Conflict Of Office Or Property

32 (1) If a director or senior officer of the Authority holds any office or possesses any property, right or interest that could result, directly or indirectly, in the creation of a duty or interest that materially conflicts with that individual’s duty or interest as a director or senior officer of the Authority, the director or senior officer must disclose, in accordance with this section, the nature and extent of the conflict.

• (2) The disclosure required from a director or senior officer under subsection (1)

• (a) must be made to the directors promptly
  • (i) after that individual becomes a director or senior officer, or
  • (ii) if that individual is already a director or senior officer, after that individual begins to hold the office or possess the property, right or interest for which disclosure is required, and
• (b) must be evidenced in a consent resolution, the minutes of a meeting or any other record deposited in the Authority’s records.

2004-66-32, effective November 19, 2004 (B.C. Reg. 496/2004).