23. (1) Where a director, an officer or an employee of the Agency or of a subsidiary DAC has a material interest, otherwise than in his or her capacity as such, in any contract, agreement or arrangement, or proposed contract, agreement or arrangement, to which the Agency or, as the case may be, the subsidiary DAC is or may be a party, that person shall—

(a) disclose to the Agency or, as the case may be, the subsidiary DAC his or her interest and the nature thereof,

(b) withdraw from any meeting at which that contract, agreement or arrangement is to be discussed,

(c) take no part in the negotiation of the contract, agreement or arrangement or in any deliberation by the Board or members of the staff of the Agency or, as the case may be, by the board or members of the staff of the subsidiary DAC in relation thereto, and

(d) neither influence nor seek to influence a decision to be made in 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—

(a) members of the staff of the Agency with the Agency, and

(b) members of the staff of the subsidiary DAC with the subsidiary DAC.

(3) Where a person contravenes subsection (1) the Agency or, as the case may be, the subsidiary DAC 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.