Act No. 4, 1999 BROADCASTING ACT, 1999 (Act 94 of 1992), Part 1 t o 4, or section 17, 20 or 21 (in s o far as it relates to the aforementioned offences) of Chapter 2 of the Prevention and Combating of Corrupt Activities Act, 2004, [Subparagraph (i) substituted by Section 36 of Act No. 12 of 2004] (ii) elsewhere, of any offence corresponding materially with any offence referred to in subparagraph (i); 15 (iii) whether in the Republic or elsewhere, of any other offence involving dishonesty; (e) has been convicted of an offence under this Act Disclosure of conflict of interests 17. (1) A person may not be appointed on the Board, unless the necessary disclosure has been made that such person (a) directly or indirectly, whether personally or through his or her spouse, partner or associate, has a direct or indirect financial interest in the telecommunications, broadcasting or printed media industry; (b) or his or her spouse, partner or associate, holds an office in or is employed by any company, organisation or other body, whether corporate or incorporate, which has a direct or indirect financial interest of the nature contemplated in paragraph (e) (2) If at any stage during the course of any proceedings before the Board it appears that any Board member has or may have an interest which may cause such conflict of interest to arise on his or her part(a) such Board member must forthwith fully disclose the nature of his or her interest and leave the meeting so as to enable the remaining Board members to discuss the matter and determine whether such Board member is precluded from participating in such meeting by reason of a conflict of interest; and (b) such disclosure and the decision taken by the remaining Board members regarding such determination, must be recorded in the minutes of the meeting in question (3) If any Board member fails to disclose any interest as required by subsection (2) or, subject to the provisions of that subsection, if he or she is present at the venue where a meeting of the Board is held or in any manner whatsoever participates in the proceedings of the Board, the relevant proceedings of the Board will be null and void. Part 6: Financial matters Financial regulations 18. (1) The Corporation must draw up proper financial regulations concerning the manner in which the financial affairs of the Corporation must be managed. (2) Such regulations must be approved by the Minister after consultation with the Minister of Finance. (3) The Corporation must make such regulations known in a manner it deems fit. (4) The Corporation must open and maintain an account with a bank registered as such in the Republic, or with any other financial institution so registered and approved by the Minister of Finance.