(3) A director shall be treated as having an indirect interest in a contract or proposed contract with the Bank in any matter with which the Bank is concerned if he or she is a director, shareholder, agent or employee of the company or undertaking that is a party to the contract or proposed contract with the Bank or where his or her spouse, parent, child, brother or sister or the parent, child, brother or sister of his spouse holds an interest in that company or undertaking.