C1Part 10A company's directors

Annotations:
Modifications etc. (not altering text)

F1CHAPTER 4ADirectors of quoted companies: special provision

Annotations:
Amendments (Textual)

Restrictions relating to remuneration or loss of office payments

226BRemuneration payments

1

A quoted company may not make a remuneration payment to a person who is, or is to be or has been, a director of the company unless—

a

the payment is consistent with the approved directors' remuneration policy, or

b

the payment is approved by resolution of the members of the company.

2

The approved directors' remuneration policy is the most recent remuneration policy to have been approved by a resolution passed by the members of the company in general meeting.