51 6.3.3.4 A member of the senior faculty of the University, who serves in an academic-administrative position therein, may not be a member of the Executive Committee for the duration of his/her term in such academic-administrative position. This provision shall not apply to the President and the Rector who are members of the Executive Committee by virtue of their positions. 6.3.3.5 A member of the Advisory Committee to the President for purposes of appointments may not be a candidate for such appointments. 6.3.3.6 Members of the Senate who serve on the Standing Committee, other than by virtue of their position, shall not simultaneously serve on the Executive Committee. 6.4 Approval of acts 6.4.1 The Audit Committee and the Executive Committee may approve any of the acts enumerated in Paragraph 6.3.1 above provided that all the following conditions apply: 6.4.1.1 The Office Holder acted in good faith and neither the act nor the approval of the act prejudices the good of the University. 6.4.1.2 The Office Holder disclosed to the University the essence of his/her personal interest in the act, including any substantial fact or document, a reasonable time before the date for discussion of the approval thereof.
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