The director or general manager of the Corporation shall not be a partner in any contract with the Corporation. Provided that, immediately when each director or the general manager knows that he or she has directly or indirectly any concern (conflict of interest) in any contract to be submitted to the Board for its consideration, proposing something taken or taken or given or to be given by the Corporation, such a director or general manager shall disclose the matter to the meeting of 12 the Board as soon as possible. The matter so disclosed shall be recorded in the minutes, and the concerned director shall not take part in any deliberations or decisions made by the Board in relation to that contract.