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of <h1>Companies Must Disclose Related Party Details in Board Agendas; Approval Needed for Large Transactions Over 10% Turnover</h1> A company must follow specific conditions when entering into contracts or arrangements with related parties. The Board meeting agenda should disclose the related party's name, relationship nature, contract details, material terms, pricing, and other relevant factors. Directors with an interest in such contracts must not be present during related discussions. Prior company approval is required for transactions exceeding certain thresholds, such as 10% of turnover or net worth, or specific remuneration limits. The explanatory statement for general meetings must include details of the related party, relationship, contract terms, and other pertinent information.
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