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F. DEVELOPING AND
IMPLEMENTING A CONFLICT OF INTEREST
POLICY
1.Federal
Legislation Requirements
•CCA
–Directors directly or
indirectly interested in a contract
with the company must declare such interest at
a meeting of directors of the company
§Declaration
occurs at the meeting of directors at which the
question of entering into the contract is
first taken into consideration,
§If the
director is not at the date of that meeting interested in the proposed contract, at the next meeting of the directors held after he becomes so interested
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