Omnibus approval for related party transactions: Audit Committee must set criteria, limits, disclosures and annual review requirements. Omnibus approval for related party transactions must be made by the Audit Committee under Board-approved criteria, including aggregate and per-transaction value limits, disclosure requirements, review intervals, and exclusions. The Committee must assess repetitiveness and need, ensure such approval is in the company's interest, and include identifying details, duration, maximum amounts, base price or price formula and other relevant information. Unforeseen transactions may be approved subject to a per-transaction cap. Approvals are valid up to one financial year, require renewal, and exclude transactions disposing of the company's undertaking.
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Provisions expressly mentioned in the judgment/order text.
Omnibus approval for related party transactions: Audit Committee must set criteria, limits, disclosures and annual review requirements.
Omnibus approval for related party transactions must be made by the Audit Committee under Board-approved criteria, including aggregate and per-transaction value limits, disclosure requirements, review intervals, and exclusions. The Committee must assess repetitiveness and need, ensure such approval is in the company's interest, and include identifying details, duration, maximum amounts, base price or price formula and other relevant information. Unforeseen transactions may be approved subject to a per-transaction cap. Approvals are valid up to one financial year, require renewal, and exclude transactions disposing of the company's undertaking.
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