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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 June 2019 - onwards
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439A. Quoted companies and traded companies: members' approval of directors' remuneration policy

(1) A quoted company or unquoted traded company must give notice of the intention to move, as an ordinary resolution, a resolution approving the relevant directors' remuneration policy -

(a) at the accounts meeting held in the first financial year which begins on or after the day on which the company becomes a quoted company or (as the case may be) an unquoted traded company, and

(b) at an accounts or other general meeting held no later than the end of the period of three financial years beginning with the first financial year after the last accounts or other general meeting in relation to which notice is given under this subsection.

(2) A quoted company or unquoted traded company must give notice of the intention to move at an accounts meeting, as an ordinary resolution, a resolution approving the relevant directors' remuneration policy if -

(a) a resolution required to be put to the vote under section 439 was not passed at the last accounts meeting of the company, and

(b) no notice u

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