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<h1>Pecuniary interest disclosure required: directors must record interests and recuse from related Board deliberations and decisions.</h1> Section 193 requires a member who is a director and has any direct or indirect pecuniary interest in a matter to disclose the nature of that interest at the meeting as soon as the circumstances are known, have the disclosure recorded in the proceedings, and refrain from any deliberation or decision of the Board with respect to that matter.