Common use of DIRECTORS’ INTERESTS Clause in Contracts

DIRECTORS’ INTERESTS. A Director shall disclose the nature of his interest in accordance with Section 156 of the Companies Act in respect of any contract or arrangement in which he is or may be interested and shall not be prohibited from voting or being counted in a quorum at any Board meeting in respect of any such contract or arrangement in which he is or may be interested provided he has disclosed the nature of his interest in accordance with Section 156 of the Companies Act.