No. 4/2018 Pusuc ENTITIES CoRPORATE GovE&'IANCE Cap.10:31 (ii) any item of movable propetty, exceeding one hundred thousand dollars ($100 000) or such greater value as may be prescribed, which the associate owns, leases or in which he or she has any other interest; and (iii) any business in which the associate has an interest or which he or she plays any pmt in running; and stating in each case the nature of the interest in the property or business concerned. (2) The part of the declaration referred to in subsection (l)(f) must either be countersigned by the associate com:cmed, or be endorsed in writing by the member or senior staff member concerned to be true to the best of his or her knmvledge and belief. (3) In addition to the declamtion required by subsection (1), every member of the board of a public entity and every senior staff member shall provide the Office of the President and Cabinet with a fmther written declaration setting out the matters refencd to in that subsection(a) on the anniversary of his or her appointment or re-appointment to the board or to the post in question; and (b) within two months after ceasing to be a member of the board or ceasing to be a senior staff member. (4) If - {a) a member of the board of a public entity or senior staff member refuses to provide the Office of the President and Cabinet with any declaration required by subsection (1) or (3); or (b) a member of the board of a public entity or senior staff member thereof intentionally fails to list any property or interest in a declaration provided to the Office of the President and Cabinet in tenns of subsection ( 1) or (3); or (c) any question arises as to the omission of any property or interest in a declaration provided to the Office of the President and Cabinet in tenns of subsection (I) or (3), whether in the course of the board's or the entity's proceedings or otherwise, for the omission of which the responsible member of the board lk1S no adequate explanation; the member or senior stafT member shall thereupon cease to be a member of the board or (where the contravention relates to subsection (3)(b)) be disqualified for reappointment, or, in the case of a senior staff member, cease to be employed in that or any other capacity in the entity concerned or (where the contravention relates to subsection (3) (b)) be disqualified for re-employment. 38 Responsibilities of State appointees to boards of certain public entities Every appointee of the State to the board of a public entity referred to in pamgraph (b), (c) or (d) of the definition of"public entity" in section2(1) has an obligation to act in the best interests of the State, that is to say(a) to promote the State's interests and policies in relation to the business or operations of the entity and in accordance with any instructions given by the line Minister, and to solicit such instructions from the line 1v1inister in appropriate cases; and (b) to act as a channel of two-way conmmnication between the line rvlinister and the entity concerned; and (c) at all times in the performance of his or her functions as the State's appointee(i) to act honestly; and 104