Template:AA Interests

From Tennis

APPOINTMENTS AND INTERESTS OF MEMBERS OF THE COMMITTEE

41. Subject to the provisions of the Act, the committee may appoint one or more of their number to an executive office under the club and may enter into an agreement or arrangement with any Member of the committee for his employment by the club or for the provision by him of any services outside the scope of the ordinary duties of a Member of the committee. Any such appointment, agreement or arrangement may be made upon such terms as the committee determine and they may remunerate any such Member of the committee for his services as they think fit.

42. Any appointment of a Member of the committee to an executive office under article 41 shall terminate if he ceases to be a Member of the committee but without prejudice to any claim to damages for breach of the contract of service between the Member of the committee and the club.

43. Subject to the provisions of the Act, and provided that he has disclosed to the committee the nature and extent of any material interest of his, a Member of the committee notwithstanding his office:

• (a) may be a party to, or otherwise interested in, any transaction or arrangement with the club or in which the club is otherwise interested;
• (b) may be a director or other officer of, or employed by, or a party to any transaction or arrangement with, or otherwise interested in, any body corporate promoted by the club or in which the club is otherwise interested; and
• (c) shall not, by reason of his office, be accountable to the club for any benefit which he derives from any such office or employment or from any such transaction or arrangement or from any interest in any such body corporate and no such transaction or arrangement shall be liable to be avoided on the ground of any such interest or benefit.

44. For the purposes of article 43:

• (a) a general notice given to the committee that a Member of the committee is to be regarded as having an interest of the nature and extent specified in the notice in any transaction or arrangement in which a specified person or class of persons is interested shall be deemed to be a disclosure that the Member of the committee has an interest in any such transaction of the nature and extent so specified; and
• (b) an interest of which a Member of the committee has no knowledge and of which it is unreasonable to expect him to have knowledge shall not be treated as an interest of his.