C1Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
F1CHAPTER 4ADirectors of quoted companies: special provision
Annotations:
Amendments (Textual)
F1
Pt. 10 Ch. 4A inserted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 80, 103(3); S.I. 2013/2227, art. 2(h)
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.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2