Section 10, The National Investment Board Act, 2022

(1) A Member who has any interest whether direct orindirect in any matter being considered by the Board shall disclose the nature of his interest to the Board and such disclosure shall be recorded in the minutes of the Board and such member shall not take part in any deliberation or decision of the Board relating to that matter. (2) A Member of the Board who contravenes subsection (1) shall be guilty of misconduct and shall be removed from the Board. (3) In the event that the National Investment Board suffers financial loss as a result of a Member’s failure to disclose any such interest, the Member shall compensate the National Investment Board for the loss suffered as prescribed by the Board.