440 Quoted companies [and traded companies]: offences in connection with procedure for approval
440 Quoted companies [and traded companies]: offences in connection with procedure for approval
Companies Act 2006 | Legislation

(1)     In the event of default in complying with section 439(1) [or 439A(1)] [, (2) or (2A)] (notice to be given of resolution for approval of directors' remuneration report [or policy]), an offence is committed by every officer of the company who is in default.

(2)     If the resolution is not put to the vote of [the meeting to which it relates], an offence is committed by each existing director.

(3)     It is a defence for a person charged with an offence under subsection (2) to prove that he took all reasonable steps for securing that the resolution was put to the vote of the meeting.