The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 No. 970

PART 2 Amendments to the Companies Act 2006

CHAPTER 1 Amendments to Part 10 (a company’s directors)

Amendments to section 226C

8.  In section 226C (loss of office payments)—

(a) in subsection (1), after “quoted company” insert “or of an unquoted traded company”;

(b) for subsection (1)(b) substitute—

“(b) an amendment to that policy authorising the company to make the payment has been approved by resolution of the members of the company.”.