59 Persons connected with a directorShareholder 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 include1:59.1 certain family members2;59.2 certain companies with which the director is connected;59.3 trustees of a trust under which the director, or
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:
certain family members2;
certain companies with which the director is connected;
trustees of a trust under which the director, or
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