E: TRANSACTIONS WITH DIRECTORS REQUIRING APPROVAL OF MEMBERS1: INTRODUCTION TO TRANSACTIONS WITH DIRECTORS REQUIRING APPROVAL OF MEMBERS58 Transactions requiring shareholder approvalThe Companies Act 2006 requires company directors to obtain prior shareholder approval for various types of transaction involving a director, namely1:58.1 certain long-term service contracts2;58.2 substantial property transactions3;58.3 loans, quasi-loans and credit transactions4; and58.4 payments for loss of office5.In addition, the Act places further restrictions on the remuneration payments and payments for loss of office that can be made to directors of
The Companies Act 2006 requires company directors to obtain prior shareholder approval for various types of transaction involving a director, namely1:
certain long-term service contracts2;
substantial property transactions3;
loans, quasi-loans and credit transactions4; and
payments for loss of office5.
In addition, the Act places further restrictions on the remuneration payments and payments for loss of office that can be made to directors of
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