[226B Remuneration payments]
Companies Act 2006 | Legislation

[Restrictions relating to remuneration or loss of office payments]

[226B  Remuneration payments]

[(1)     A quoted company [or unquoted traded 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)     an amendment to that policy authorising the company to make the payment has been 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

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