The Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 No. 970

PART 2 Amendments to the Companies Act 2006

CHAPTER 1 Amendments to Part 10 (a company’s directors)

Amendments to section 226B

7.  In section 226B (remuneration payments)—

(a) in subsection (1), after “quoted company” insert “or unquoted traded company”;

(b) for subsection (1)(b) substitute—

“(b) an amendment to that policy authorising the company to make the payment has been approved by resolution of the members of the company.”.