Corporate analysis: The Takeover Panel has ruled that following the completion of the acquisition by Disney of Twenty-First Century Fox, Disney will be required to make a mandatory offer for Sky plc pursuant to Rule 9.1 of the Takeover Code. The ruling is an example of the so-called ‘chain principle’ under the Code.
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Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
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