No. 7/2016 SPECIAL EcoNOMIC ZoNES (b) Cap.14:34 subject to subsection (3), may appoint persons who are not members of the Board to be m,embers of the committee. (3) TI1e Board shaH not appoint a person to be a member of a committee if he or she is disqualified in terms of section 7 from appointment as a member of the Board. (4) The office of a member of a committee of the Board shall terminate(a) in the case of a member who is a member of the Board, upon his or her ceasing to be a member of the Board; (b) in the case of a member who is not a member of the Board, if he or she would be required in terms of section 8 to vacate office had that section and section 7 (a), (b) and (c) applied to him or her. (5) Subject to this section, members of committees of tl1e Board shall hold office on such conditions as the Board may fix for members of committees generally. (6) Subject to sections 14 and 17, the procedure to be followed at any meeting of a committee of the Board shall be fixed by the Board. 13 Remuneration and expenses of members of Board and members of committees Members of the Board and of committees of the Board shall be paid from the funds of the Authority- 14 (a) such remuneration, if any, as the Board, with tl1e approval of the Minister, may from time to time fix for such members generally; and (b) such allowances, if any, as the Board, with the approval of the Minister, may from time to time fix to meet any reasonable expenses incurred by such members in connection with the business of the Board or of the committee concerned, as the case may be. Disclosure of interests of members of Board and committees (1) If a member of tl1e Board or of a committee of the Board or a spouse of such a member- (a) tenders for or acquires or holds a direct or indirect pecuniary interest in a contract with the Authority or in any application for an investment licence under consideration by the Authority; or (b) knowingly acquires or holds a direct or indirect pecuniary interest in a company or association of persons applying for the grant of an investment licence by the Authority; or (c) owns immovable property or holds a right in immovable property or a direct or indirect pecuniary interest in a company or association of persons which results in his or her private interest coming or appearing to come into conflict with his or her duties as a member; the member shall forthwith disclose that fact to the Board or to the committee, as the case may be. (2) A member referred to in subsection (1) shall take no part in the consideration or discussion of, or vote on, any question before the Board or the committee, as the case may be, which relates to any contract, right, immovable property, interest or investment licence referred to in that subsection. (3) Any person who contravenes subsection (2) shall be guilty of an offence and liable to a fine not exceeding level four or to imprisonment for a period not exceeding furee months or to botl1 such fine and such imprisonment. 194