Cap. 10:31 35 PUBLic EmlTIES CoRPoRATE GovERNANCE No. 4/2018 Minutes of meetings of boards of public entities (1) The board of every public entity shall cause minutes of all its meetings. and all meetings of its committees, to be entered in books kept for the purpose. (2) ivfinutes refeiTed to in subsection (I) shall record accurately and fully the proceedings at the meetings concerned and all decisions taken at the meetings. (3) Minutes refeiTed to in subsection (l) which purport to be signed, with the authority of the board or the committee concemed, as the case may be, by the chairperson of the meeting to which the minutes relate or by the chairperson of the next following meeting, shaH be accepted for all purposes as prima facie evidence of the proceedings of and decisions taken at the meeting concemed. (4) The chief executive officer of every public entity shall ensure thai a copy of eve1y resolution of the entity's board, signed by the chairperson of the meeting, is sent to the line Minister and the Unit without delay after it has bt~en adopted. 36 Audit of accounts of public entities Subject to the Public Finance Management Act [Chapter 22: 19], the accounts of every public entity shall be audited annually by(a) the Auditor-General; or (b) a person who is registered as a public auditor in terms of the Public Accountants andAuditorsA.ct [Chapter 27:12],appointed by the AuditorGeneral; and the Auditor-General or the public auditor, as the case may be, shall submit the audit repmi to the line Minister, the ~viinister responsible for finance and the Minister responsible for this Act, as well as to the board of the entity. PART VIII GEt-.cRAL 37 Declaration of assets by board members and senior staff of public entities ( 1) In the interests of transparency and the avoidance of conflicts of interest, as soon as possible after being appointed or re-appointed (and in any event within three months after the appointment or re-appointment) as- (a) a member of the board of a public entity, every member of the board; or (b) a senior staff member of a public entity, every senior staff member of a public entity; shall provide the Office of the President and Cabinet with a written declaration listing in full(c) all immovable property which the member or senior staff member owns, leases or in which he or she has any other interest; and (d) any item of movable property, exceeding one hundred thousand dollars ($100 000) or such greater value as may be prescribed, which the member or senior staff member owns, leases or in which he or she has any other interest; and (e) any business in which the member or senior staff member has an interest or which he or she plays any part in running; and (f) in relation to every associate of the member or senior staff member(i) all immovable property owned or leased by the associate, or in which the associate has any other interest; and 103