Director's service contracts Flashcards
1
Q
What articles enable the board to enter in to a service contract with a director?
A
Article 3 and article 19
2
Q
Which section requires a shareholder vote by ordinary resolution on service contracts longer than 2 years?
A
S188
3
Q
Which section defines service contracts?
A
S227(1)
4
Q
What does S228 of the CA Act 2006 say?
A
service contracts must be kept at the registered office or its single alternative inspection location under S1136 for inspection by the shareholders under S229
5
Q
How long must service contracts be kept for?
A
One year after the contracts expire - S228(3)
6
Q
Do provisions about service contracts also apply to shadow directors?
A
yes - S230
