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Companies Act 2006

Companies Act 2006 s 422A

s 422A Revisions 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).

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