Conflict of interest disclosure required; members must disclose, recuse, and have matters reassigned to others or committees. Members must disclose personal or professional interests likely to affect Board decisions, promptly seek determinations on doubtful conflicts from the ... Summary
Referred In :
Insolvency and Bankruptcy Board of India (Procedure For Governing Boards Meetings) Regulations, 2017
Conflict of interest disclosure required; members must disclose, recuse, and have matters reassigned to others or committees.
Members must disclose personal or professional interests likely to affect Board decisions, promptly seek determinations on doubtful conflicts from the Chairperson or Governing Board, refrain from participating in deliberations or decisions on conflicted matters except to offer professional advice if invited, and when a conflict is determined the matter must be reassigned to another Member or Committee; disclosures are confidential but may be shared with authorised persons to manage conflicts or meet legal obligations.
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