Textual Amendments
F1Sch. 6: heading substituted (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9) by Companies Act 1989 (c. 40, SIF 27), ss. 6(4), 213(2), Sch. 4 para. 2
Modifications etc. (not altering text)
C1Sch. 6 applied with modifications by S.I. 1985/680, regs. 4–6, Sch.
Sch. 6 extended (with modifications) (E.W.S.) (19.12.1993) by S.I. 1993/3245, reg. 3(3)(f) (as amended (1.10.2005) by The Insurance Accounts Directive (Miscellaneous Insurance Undertakings) (Amendment) Regulations 2005 (S.I. 2005/1985), reg. 2(2)(c))
Textual Amendments
F2Sch. 6 Pt. I inserted (the existing Part I renumbered as Part II) by Companies Act 1989 (c. 40, SIF 27), ss. 6(4), 213(2), Sch. 4 para. 3 (subject to the transitional and saving provisions mentioned in S.I. 1990/355, arts. 6–9)
1(1)The aggregate amount of directors’ emoluments shall be shown.
(2)This means the emoluments paid to or receivable by any person in respect of—
(a)his services as a director of the company, or
(b)his services while director of the company—
(i)as director of any of its subsidiary undertakings, or
(ii)otherwise in connection with the management of the affairs of the company or any of its subsidiary undertakings.
(3)There shall also be shown, separately, the aggregate amount within sub-paragraph (2)(a) and (b)(i) and the aggregate amount within sub-paragraph (2)(b)(ii).
(4)For the purposes of this paragraph the “emoluments" of a person include—
(a)fees and percentages,
(b)sums paid by way of expenses allowance (so far as those sums are chargeable to United Kingdom income tax),
(c)contributions paid in respect of him under any pension scheme, and
(d)the estimated money value of any other benefits received by him otherwise than in cash,
and emoluments in respect of a person’s accepting office as director shall be treated as emoluments in respect of his services as director.