Acts Online
GT Shield

Public Finance Management Act, 1999 (Act No. 1 of 1999)

Regulations

Regulations for Accounting Standards Board

6. Conduct of members

 

(1) A member of the Board—
(a) must perform the functions of office in good faith and without favour or prejudice;
(b) must disclose to the Board any personal or private business interest that that member or any spouse, partner or close family member may have in any matter before the Board, and must withdraw from the proceedings of the Board when that matter is considered unless the Board decides that the interest of that member in the matter is trivial or irrelevant;
(c) may not use the position, privileges, or knowledge of a member for private gain or to improperly benefit another person; and
(d) may not act in any other way that compromises the credibility, impartiality, independence or integrity of the Board.

 

(2) A member of the Board who contravenes or fails to comply with subregulation (1) is guilty of misconduct.