Air Navigation and Transport (Amendment) Act, 1998

Disclosure by members of staff of certain interests.

35.—(1) Where a member of the staff of the company or of a subsidiary of the company has an interest, otherwise than in his or her capacity as such a member, in any contract, agreement or arrangement, or proposed contract, agreement or arrangement, to which the company or the subsidiary is a party or in a matter referred to in paragraph (c) or (d) of subsection (1) of section 34 , that person shall—

(a) disclose to the company or the subsidiary, as the case may be, his or her interest and the nature thereof,

(b) take no part in the negotiation of the contract, agreement or arrangement or in any deliberation by directors or members of the staff of the company or the subsidiary in relation thereto or in relation to the matter aforesaid, and

(c) neither influence nor seek to influence a decision to be made in the matter nor make any recommendation in relation to the contract, agreement or arrangement or the matter aforesaid.

(2) Subsection (1) shall not apply to contracts or proposed contracts of employment of members of the staff of the company with the company or of members of the staff of a subsidiary of the company with that subsidiary.

(3) A person who fails to comply with this section shall be guilty of an offence.