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At times Members may be associated with other entities which have interests which are adverse to the interests of the Roundtable. Such Members shall not disclose or use confidential information received as a Roundtable Member contrary to the Roundtable's interests without approval of the Membership. If a Roundtable Member acts or intends to act for another entity on a matter in wh ich there are or reasonably are expected to be adverse interests between that entity and the Roundtable, he/she shall recuse himself/herself from participating in the Roundtable's confidential discussions of that matter and decline to receive confidential Roundtable information about that matter. Such Member also shall not vote on Membership actions affecting the matter. In such a situation, the Member shall promptly notify the Roundtable's Chairman of his/her decision or intention to act on behalf o f the adverse or potentially adverse entity, and the Chairman shall act to ensure that thereafter confidential information shall not be provided to such Member about the matter. SECTION 2 - Code of Ethics . Roundtable Members, officers and staff shall comply with the Colorado Code of Ethics law which is codified at C.R.S. § 24 - 18 - 101 et seq ., as it may be amended from time to time. SECTION 3 - Disclosure of Conflicts . Roundtable Members, officers and staff shall comply with C.R.S. § 18 - 8 - 308 conc erning disclosure of conflicts of interest. ARTICLE XII - ROUNDTABLE POWERS SECTION 1 - Inter - Basin Compacts. The Roundtable shall have the power to negotiate interbasin compacts with other Roundtables established by the Act. The Roundtable reserves the right and power to decline to discuss or negotiate any proposed interbasin compact with any other Roundtable. SECTION 2 - Interbasin Compact Committee. The Roundtable shall select two (2) individuals to represent the Roundtable on the Interbasin C ompact Committee (the “IBCC”). Such individuals shall be members of the Yampa - White Basin Roundtable, and shall reside within the Yampa - White River basin. The term of office of such representatives to the IBCC shall be two years, with the initial term to expire at the semi - annual regular meeting of the Roundtable in October of 2007. Each such representative shall be elected by majority vote of the members present at the Roundtable meeting at which such representative is elected. At each semi - annual re gular meeting of the Roundtable, the two representatives to the IBCC shall report to the Roundtable Membership on the activities and decisions of the IBCC, as well as the pending and expected issues and concerns of the IBCC. The Roundtable may 13