345 Meaning of “associate”
345 Meaning of “associate”
Companies Act 2006 | Legislation

(1)     This section defines “associate” for the purposes of section 344 (independence requirement).

(2)     In relation to an individual, “associate” means—

(a)     that individual's spouse or civil partner or minor child or step-child,

(b)     any body corporate of which that individual is a director, and

(c)     any employee or partner of that individual.

(3)     In relation to a body corporate, “associate” means—

(a)     any body corporate of which that body is a director,

(b)     any body corporate in the same group as that body, and

(c)     any employee or partner of that body or of any body corporate in the same group.

(4)     In relation to a partnership that is a legal person under the law by which it is governed, “associate” means—