Directors' fees: board resolutions fixing fees are subject to company approval and not treated as interested contracts. A board resolution fixing or increasing directors' fees is subject to approval by the company in general meeting under section 309(1); therefore the ... Summary
Directors' fees: board resolutions fixing fees are subject to company approval and not treated as interested contracts.
A board resolution fixing or increasing directors' fees is subject to approval by the company in general meeting under section 309(1); therefore the board's resolution is not treated as a final contract or arrangement in which directors are interested for the purposes of section 300(1).
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