Extract from the Board's Code of Conduct for trustees:
Handling Conflicts of Interest
7.The purpose of the provisions set out at paras 9 – 16 below is to avoid any
danger of members being influenced, or appearing to be influenced, by their
private interests (or the interests of those persons or bodies they are closely
connected with) in the exercise of their duties as a member.
8. Prospective members should consider possible conflicts of interest before they
are appointed or stand for election. All members should advise of actual or
potential conflicts of interest as soon as they become aware of them.
Registration of Interests
9. All members should register in the Central Register of Members’ Interests any
personal interest which might influence their judgement or which could be
perceived (by a reasonable member of the public) to do so.
10. In particular, members should register –
• relevant personal direct or indirect pecuniary interests;
“pecuniary” interests including shareholdings or other financial interests (including
remunerated directorships) in commercial organisations with which the Pensions
Board has, or may reasonably be expected to have, a financial relationship.