| Commentary

59 Persons connected with a director

| Commentary

59 Persons connected with a director

Shareholder approval may be required when the company enters into an arrangement or transaction not only with a director, but also with a person connected with him. For these purposes, connected persons are defined so as to include both a person to whom the director is related by family, and those to whom he is related by business and certain other activities. The persons who are ‘connected’ with a director include1:

  1. 59.1

        certain family members2;

  2. 59.2

        certain companies with which the director is connected;

  3. 59.3

        trustees of a trust under which the director, or

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