Common use of Disclosure of Conflicts of Interest Clause in Contracts

Disclosure of Conflicts of Interest. The Community Council shall adopt a resolution requiring that any member of the Community Council with a direct or indirect pecuniary interest in any matter before the Community Council involving Trust Funds, shall: (a) immediately disclose such interest in writing to the Community Council; (b) withdraw from any meeting of the Community Council while such matter is being considered; and (c) refrain from voting on, or otherwise influencing, the decision of the It shall not be considered that a member of the Community Council has a conflict of interest merely by virtue of that member of the Community Council also being a Trustee.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Disclosure of Conflicts of Interest. The Community Council shall adopt a resolution requiring require that any member of the Community Council with a direct or indirect pecuniary interest in any matter before the Community Council involving Trust Funds, Funds shall: (a) immediately disclose such interest in writing to the Community Council; (b) withdraw from any meeting of the Community Council while such matter is being considered; and (c) refrain from voting on, or otherwise influencing, the decision of the Community Council in relation to such matter. It shall not be considered that a member of the Community Council has a conflict of interest merely by virtue of that member of the Community Council also being a Trustee.

Appears in 2 contracts

Samples: Agreement Between the Incorporated Community of Nelson House and the Government of Manitoba and Manitoba Hydro Electric Board, Agreement Between the Incorporated Community of Nelson House and the Government of Manitoba and Manitoba Hydro Electric Board

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