10.— (1) Where a member of the staff of F20[Uisce Éireann] has a material interest, otherwise than in his or her capacity as such a member, in any contract, agreement or arrangement to which F20[Uisce Éireann] is a party, or any proposed such contract, agreement or arrangement, that person shall—

(a) disclose to F20[Uisce Éireann] his or her interest and the nature thereof,

(b) take no part in the negotiation of the contract, agreement or arrangement or in any deliberation by F20[Uisce Éireann] or members of the staff of F20[Uisce Éireann] in relation thereto, and

(c) neither influence nor seek to influence a decision to be made in relation to the matter nor make any recommendation in relation to the contract, agreement or arrangement.

(2) Subsection (1) shall not apply to contracts or proposed contracts of employment of members of the staff of F20[Uisce Éireann] with the F20[Uisce Éireann]

(3) Where a person contravenes this section F20[Uisce Éireann] may make such alterations to the person’s terms and conditions of employment as it considers appropriate or terminate the person’s contract of employment.