State Airports (Shannon Group) Act 2014

Disclosure by members of staff of certain interests

26. (1) Where a member of the staff of Shannon Group or of a subsidiary of Shannon Group has a material 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 Shannon Group or the subsidiary is a party, or in a matter referred to in paragraph (c) or (d) of subsection (1) of section 25 , that person shall—

(a) disclose to Shannon Group 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 members of the staff of Shannon Group 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 Shannon Group with Shannon Group or of members of the staff of a subsidiary of Shannon Group with that subsidiary.

(3) Where a person contravenes this section, Shannon Group or the subsidiary of Shannon Group, as the case may be, may make such alterations to the person’s terms and conditions of employment as it considers appropriate or terminate the person’s contract of employment.