Proxy conflict of interest: proxy holders cannot vote to secure remuneration or similar financial benefit from company assets. Proxy holders are prohibited from voting on resolutions that would directly or indirectly place them, their partner, or their employer in a position to receive remuneration from the company's assets, except only as creditors sharing rateably with other creditors; the prohibition applies to persons acting under a general or special proxy where the proposed resolution would create a payment advantage or financial benefit to the proxy or connected persons.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proxy conflict of interest: proxy holders cannot vote to secure remuneration or similar financial benefit from company assets.
Proxy holders are prohibited from voting on resolutions that would directly or indirectly place them, their partner, or their employer in a position to receive remuneration from the company's assets, except only as creditors sharing rateably with other creditors; the prohibition applies to persons acting under a general or special proxy where the proposed resolution would create a payment advantage or financial benefit to the proxy or connected persons.
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