SCHEDULES
SCHEDULE 1 Court of directors
Proceedings
13
1
At a meeting of the court, the proceedings shall be regulated as follows.
F12
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F23
The Chancellor of the Exchequer may designate—
a
a member of the court to chair its meetings (“the chair of the court”), and
b
one or more members of the court as deputies to chair its meetings in the absence of the chair of the court.
F53A
But a member of the court who is the Governor or a Deputy Governor of the Bank may not be designated under paragraph (a) or (b) of sub-paragraph (3).
4
If a member of the court has any direct or indirect interest in any dealing or business with the Bank—
a
he shall disclose his interest to the court at the time of the dealing or business being negotiated or transacted, and
b
he shall have no vote in relation to the dealing or business, unless the court has resolved that the interest does not give rise to a conflict of interest.
5
A member of the court shall have no vote in relation to any question arising which touches or concerns him but shall withdraw and be absent during the debate of any matter in which he is concerned.