Material Personal Interest definition

Material Personal Interest means a material personal interest for the purposes of the Corporations Act;
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Material Personal Interest means a personal interest that has the capacity to influence a Director's consideration of, and vote on, a particular matter.
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Material Personal Interest means the Director stands to personally benefit financially or in some other material way.
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Examples of Material Personal Interest in a sentence

  • A Director shall only be entitled to acquire, receive and have a Material Personal Interest in the manner and to the extent permitted by law.

  • A Director holding a Material Personal Interest shall comply with all obligations required by law including any disclosure obligations under the Corporations Act and the Listing Rules in respect of the same.

  • Individuals or Organisations to which the report applies:Are there any individuals or organisations who stand to gain a benefit, or suffer a loss, (either directly or indirectly) depending on the outcome of consideration of this matter?(Note: This is to assist Councillors in identifying if they have a Material Personal Interest or Conflict of Interest in the agenda item - i.e. whether they should participate in the discussion and decision making).

  • For the purposes of this rule 18, a Director has a Material Personal Interest in a matter that relates to the affairs of the Club if that Director would be considered to have a Material Personal Interest under the Corporations Act.

  • A Director who is required to disclose a Material Personal Interest to the Club under this constitution or the Corporations Act must ensure that the nature and extent of the interest is tabled at a Directors' meeting and recorded in the minutes of that meeting.


More Definitions of Material Personal Interest

Material Personal Interest means a material personal interest as defined by the Corporations Act;
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Material Personal Interest means any direct or indirect benefit that a Director may receive that has the capacity, or would reasonably be perceived to have the capacity to materially influence that Director when casting their vote at Directors meetings, General Meetings or AGM’s; subject to the exclusions detailed in the Ruel Book.
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Material Personal Interest means a direct or indirect interest relating to 2
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Material Personal Interest has the meaning given to it in rule 10.2
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Material Personal Interest means the matter has ‘a capacity to influence the vote of a particular member or Director on the decision to be made’ (as defined in the Governance Institute of Australia’s Good Governance Guide as of 2015).
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Material Personal Interest has the meaning given to it in rule 10.3.
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Material Personal Interest in relation to a Director means an interest being or arising out of:
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