Version Superseded: 11/05/2025
Point in time view as at 10/06/2019. This version of this provision has been superseded.
Companies Act 2006, Section 226B is up to date with all changes known to be in force on or before 01 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)A quoted company [F2or unquoted traded company] may not make a remuneration payment to a person who is, or is to be or has been, a director of the company unless—
(a)the payment is consistent with the approved directors' remuneration policy, or
[F3(b)an amendment to that policy authorising the company to make the payment has been approved by resolution of the members of the company.]
(2)The approved directors' remuneration policy is the most recent remuneration policy to have been approved by a resolution passed by the members of the company in general meeting.]
Textual Amendments
F1Pt. 10 Ch. 4A inserted (1.10.2013) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 80, 103(3); S.I. 2013/2227, art. 2(h)
F2Words in s. 226B(1) inserted (10.6.2019) by The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 7(a) (with reg. 2)
F3S. 226B(1)(b) substituted (10.6.2019) by The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 7(b) (with reg. 2)
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