1151 The independence requirement
1151 The independence requirement
Companies Act 2006 | Legislation

(1)     A person meets the independence requirement for the purposes of section 1150 only if—

(a)     he is not—

(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)     he is not—

(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; and

(c)     there does not exist 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.