1.—(1) For the purposes of regulation 75(2), a pecuniary interest in a contract, proposed contract or other matter includes a case where—
(a)a relevant person was nominated or appointed to office by a person with whom the contract was made or is proposed to be made; or
(b)a relevant person is a business partner of a person with whom the contract was made or is proposed to be made; or
(c)a relative of a relevant person (including that person’s spouse, civil partner within the meaning of the Civil Partnership Act 2004(1) or someone living with that person as if that person were that person’s spouse or civil partner) to the knowledge of that person has, or would be treated as having, such an interest.
(2) For the purposes of regulation 75(2) a relevant person is not to be treated as having a pecuniary interest in any matter—
(a)provided that person’s interest in the matter is no greater than the interest of the generality of those paid to work at the federation or a federated school;
(b)by reason only of the fact that that person was nominated or appointed to office by, is a member of, or is employed by, any public body; or
(c)by reason only of the fact that that person is a member of a corporation or other body if that person has no financial interest in any securities of that corporation or other body.
(3) A governor is not, by reason of that person’s pecuniary interest in the matter, prevented from considering and voting upon proposals for the governing body to take out insurance protecting members against liabilities incurred by them arising out of their office and the governing body shall not, by reason of the pecuniary interest of its members, be prevented from obtaining such insurance and paying the premiums.
(4) A governor is not prevented from considering or voting upon any proposal regarding allowances to be paid in accordance with the Governor Allowances (Wales) Regulations 2005(2) by reason that that person has an interest in the payment of such allowances to members of the governing body generally but a member of a governing body or any committee thereof must withdraw from a meeting during a consideration or discussion of, and must not vote on, whether that person should receive a particular allowance, the amount of any payment or any question about an allowance that has been paid to that governor.