The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019

Amendments to section 439

19.  In section 439 (quoted companies: members’ approval of directors’ remuneration report)(1)—

(a) in the heading, after “companies” insert “and traded companies”;

(b) in subsection (1), for “quoted company” substitute “company to which this section applies”;

(c) after subsection (1) insert—

“(1A) This section applies to—

(a) a quoted company, and

(b) a traded company (as defined by section 360C) that is not a quoted company.”

(1)

Section 439 was amended by section 79 of the Enterprise and Regulatory Reform Act 2013.