C1C2C3C4Part 15Accounts and reports

Annotations:
Modifications etc. (not altering text)
C2

Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1

C3

Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

Chapter 6Quoted companies: directors' remuneration report

422AF1Revisions to directors' remuneration policy

1

The directors' remuneration policy contained in a company's directors' remuneration report may be revised.

2

Any such revision must be approved by the board of directors.

3

The policy as so revised must be set out in a document signed on behalf of the board by a director or the secretary of the company.

4

Regulations under section 421(1) may make provision as to—

a

the information that must be contained in a document setting out a revised directors' remuneration policy, and

b

how information is to be set out in the document.

5

Sections 422(2) and (3), 454, 456 and 463 apply in relation to such a document as they apply in relation to a directors' remuneration report.

6

In this section, “directors' remuneration policy” means the policy of a company with respect to the matters mentioned in section 421(2A).