Related party transactions require detailed board disclosure and prior shareholder approval when statutory thresholds or offices of profit are triggered. Contracts with related parties require comprehensive board disclosure of identity, relationship, nature, duration and material terms including value and advances, pricing methodology, factors considered with rationale, and other material information; interested directors must not participate in related discussions. Transactions exceeding prescribed statutory thresholds for goods, property, leasing or services, appointments to offices of profit above the remuneration ceiling, and underwriting remuneration above the prescribed proportion of net worth require prior company approval by resolution; turnover and net worth for thresholds are taken from the audited preceding financial year and explanatory statements to members must include specified particulars.