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

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

(b) shall not be present 0f 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) fails to disclose that interest, or

(b) is present or participates in the deliberations of the matter.