(1) A member of the Board who has an interest in a matter for consideration by the Board shall

(a) disclose the nature of that interest and the disclosure shall form part of the record of the consideration of the matter, and

(b) not participate in the deliberations of the Board in respect of that matter.

(2) A member ceases to be a member of the Board, if that member has an interest in a matter before the Board and

(a) fads to disclose that interest, or

(b) participates in the deliberations of the Board in respect of the matter.

(3) A member of the Board shall declare all the properties and assets owned or liabilities owed by that member in accordance with article 286 of the Constitution.