That's a question that comes under the code of ethics. It's judged on a case-by-case basis; the specific facts have to be known in order to examine that question. I don't think this question is contemplated by Bill C-23 or by the Canada Marine Act. It is the letters patent and the code of ethics that apply to the directors, who may perhaps find an answer if specific facts are submitted to them.
On February 5th, 2008. See this statement in context.