(1) (2) 8. No person shall be eligible to be appointed or to remain a member of the Authority if he (a) is a shareholder or director or employee of a public operator; (b) is an undischarged bankrupt or has made any arrangement with his creditors; (c) is incapacitated by physical or mental illness; or (d) is otherwise disqualified by virtue of section 37 (3) (b) of the interpretation and General Clauses Act. No member shall be removed except for a reason specified in subsection (1). Disclosure of interest A member who has a direct or indirect pecuniary or other interest in a matter being considered or about to be considered by the Board shall forthwith, or as soon as is practicable after the relevant facts have come to his knowledge, disclose on record or in writing the nature of his interests to the Board and shall not - 9. (a) be present during any deliberation of the Board with respect to that matter; and (b) take part in any decision of the Board with respect to that matter. Declaration of assets (1) Every member, the Executive Director, and such other employees as the Board may decide, shall not later than 30 days after their appointment or after their vacation of office deposit with the Authority a declaration of assets and liabilities in relation to himself, his spouse and children. (2) 10. A declaration under this section shall be made by way of an affidavit, sworn before the Supreme Court in the form specified in the Second Schedule. Delegation of powers Subject to such instructions and rules of a general nature as it may give or make, the Board may delegate to (a) a committee comprising the Chairperson and 2 other members; or (b) the Executive Director, such of its powers under this Act as may be necessary for the effective management of the Authority, other than the power to borrow money or to grant a licence.