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The board should establish formal procedures for:

(a) Periodic disclosure and updating of information by each approved personG on his actual and potential conflicts of interest; and
(b) Advance approval by directorsG or shareholders who do not have an interest in the transactions in which a licensee'sG approved personG has a personal interest. The board should require such advance approval in every case.
January 2013
(1 Version)
Jan 1 2013 onwards
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