Section 11
Director’s interest in contract to be made known
of Brunei Investment Agency Act
(1)
A director who is directly or indirectly interested in a contract or investment made or disposed of, or proposed to be made or disposed of, by the Agency shall disclose the nature of his interest at the first meeting of the
Board at which he is present after the relevant facts have come to his knowledge.
Brunei Investment Agency 12
(2)
A disclosure under subsection (1) shall be recorded in the minutes of the Board and, after the disclosure, the director —
(a)
shall not take part in any deliberation or decision of the
Board with respect to that contract; and
(b)
shall be disregarded for the purpose of constituting a quorum of the Board for any such deliberation or decision.
(3)
No act or proceedings of the Board shall be questioned by any person who is not a member of the Board on the ground that a director has contravened the provisions of this section.