✨ Transport Authority Rules
22 OCTOBER 2004 NEW ZEALAND GAZETTE, No. 136 3365
8.3 Interests register details
The relevant Interested Director will ensure that such details of his or her Interest are entered in the Interests Register and disclosed in the applicable annual report of ARTA.
8.4 Interested directors may not vote
A Director who is Interested in a matter may attend a meeting of the Board at which that matter arises, but must not:
(a) vote or take part in any discussion or decision by the Board or any committee relating to the matter, or otherwise participate in any activity of any ARTA Group member that relates to the matter;
(b) be included among the Directors present at a meeting of the Board for the purposes of a quorum during which a decision or discussion relating to the matter occurs or is made;
(c) sign a document relating to the matter on behalf of any ARTA Group member; and
(d) do any other thing in his or her capacity as a Director in relation to the matter.
The ARC may approve a Director with a specified class of Interest to do anything otherwise prohibited by this rule [8.4]. The approval may:
(a) state conditions that the Director must comply with; and
(b) be amended or revoked by the ARC by written notice to the Board.
8.5 No application in certain cases
Nothing in this rule [8] applies in relation to:
(a) remuneration or any other benefit given to a Director in accordance with these Rules; or
(b) an indemnity given or insurance provided in accordance with these Rules.
8.6 Failure to disclose
The Board will notify the ARC of any failure of any Director to comply with this rule [7] and of the acts affected, as soon as practicable after becoming aware of the failure.
8.7 Interpretation
In this rule [8]:
“matter” means:
(a) ARTA’s performance of its functions or the exercise of its powers; or
(b) an agreement, arrangement or other transaction entered into, or proposed to be entered into, by ARTA;
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 136
Gazette.govt.nz —
NZ Gazette 2004, No 136
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