C1Part 13Resolutions and meetings
Chapter 5Additional requirements for quoted companies
Independent report on poll
I1344Independence requirement
1
A person may not be appointed as an independent assessor—
a
if he is—
i
an officer or employee of the company, or
ii
a partner or employee of such a person, or a partnership of which such a person is a partner;
b
if he is—
i
an officer or employee of an associated undertaking of the company, or
ii
a partner or employee of such a person, or a partnership of which such a person is a partner;
c
if there exists between—
i
the person or an associate of his, and
ii
the company or an associated undertaking of the company,
a connection of any such description as may be specified by regulations made by the Secretary of State.
2
An auditor of the company is not regarded as an officer or employee of the company for this purpose.
3
In this section—
“associated undertaking” means—
- a
a parent undertaking or subsidiary undertaking of the company, or
- b
a subsidiary undertaking of a parent undertaking of the company; and
- a
“associate” has the meaning given by section 345.
4
Regulations under this section are subject to negative resolution procedure.
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