CGOV.6:4.2 - Apply the relevant related-party and participation rules

Establish which definition governs the present use. A reporting definition of a related party and a rule requiring transaction approval may cover different relations or thresholds. Apply each to its own question.

Use existing qualified ownership, appointment and relationship information where sufficient. Determine the consequences of the established relation: disclosure, restricted participation, another decision body, a required review or an applicable exception. Several conditions may apply together.

Keep an exemption within its stated scope. An exception from one approval procedure does not by itself remove a different disclosure or substantive duty. Equally, a related-party label does not by itself establish a prohibition: the applicable rule and transaction conditions decide what is required.