A bank shall only incur an exposure to a member of its board of directors, or of a similar designated body, on the basis of a unanimous resolution on the part of all members, except the member concerned, provided that the bank's general credit policy instructions have been followed. The resolution has to be passed prior to the lending and a copy of it must be placed on the member's file. In order to avoid any conflict of interest banks are requested to be very prudent when incurring exposures to members of their board of directors, or of a similar designated body.