The Great Yarmouth Port Authority (Constitution) Harbour Revision Order 2015

5.—(1) If a Member has any interest, direct or indirect—

(a) in any contract or proposed contract to which the Port Authority is or would be a party or is a director of a company or body with which the contract or proposed contract is made or proposed to be made; or

(b) in any other matter with which the Port Authority is concerned,

such Member must declare that interest.

(2) If a Member is present at a meeting of the Board or of any committee of the Board at which a contract or other matter in which such Member has an interest is to be considered that Member must—

(a) so soon as is practicable after the commencement of that meeting disclose the interest;

(b) not vote on any question with respect to that contract or matter; and

(c) withdraw from the meeting—

(i) at any time, if the Board present by resolution requires such Member so to do; and

(ii) while a decision on that contract or matter is being made.

(3) This paragraph does not apply to any interest which—

(a) a Member has in respect of the payment to the Port Authority of dues;

(b) arises in respect of the provision of port services or facilities affecting the trading community in general;

(c) a Member has as an employee of a public utility undertaking or as a shareholder, not being a director of a company, unless such Member possesses more than five per cent of the issued share capital of that company; or

(d) the Members present at the meeting by resolution declare to be too remote.