Conflict of Interest Act

Conflict of Interest Act

16 For the purposes of the Conflict of Interest Act, the circumstances in which a director is in a conflict of interest while exercising the powers or performing the duties and functions of a director include (a) engaging in, as owner, shareholder, director, officer, partner or in any other way, the business of producing, selling, buying, transmitting, exporting, importing or otherwise dealing in hydrocarbons, electricity or offshore energy; (b) holding any bond, debenture or other security of a corporation engaged in any such business; and (c) holding other employment that is inconsistent with their powers, duties and functions or with any provision of this Act or a regulation made under it.