National Small Business Act, 1996 (Act No. 102 of 1996)Chapter 3: Small Enterprise Development Agency13A. Conflict of interest |
| 1) | A member may not engage in any paid employment or any other activity that conflicts with the proper performance of his or her functions as a member. |
| 2) | A member who has a direct or indirect pecuniary interest or any other interest in a matter being considered by the Board must, without delay after the relevant facts have come to the member’s knowledge, disclose the nature of the interest at a meeting of the Board. |
| 3) | A disclosure in terms of subsection (2) must be recorded in the minutes of the meeting and the member may not, unless the Board otherwise determines- |
| a) | be present during any deliberation of the Board with regard to that matter; or |
| b) | take part in any decision of the Board with regard to that matter. |