16. Any director of the Agency, other than the chairman and director general, having a direct or indirect interest in an enterprise causing his personal interest to conflict with that of the Agency must, on pain of forfeiture of office, disclose it in writing to the chairman and director general and abstain from participating in any discussion or decision involving the enterprise in which he has the interest or in any part of a meeting of the board of directors during which his interest is discussed.
Neither the chairman and director general nor any employee of the Agency may, on pain of forfeiture of office, have a direct or indirect interest in an enterprise causing his personal interest to conflict with that of the Agency. However, forfeiture of office is not incurred where the interest devolves by succession or gift, provided it is renounced or disposed of with dispatch.