169. Provision and improvement of director’s emoluments Flashcards
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- Provision and improvement of director’s emoluments
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General overview
[169.01] Where a company votes at general meeting to provide or improve the directors’ emoluments, that resolution has to be a standalone resolution. The company cannot bundle it with other resolutions. This is to prevent directors “slipping in” other terms such as payment of higher dividends in the same resolution, which would entice the members to vote in favour of the resolution that also provide/improve the directors’ emoluments.