305A. Payments to third parties for services of directors

(1) Subject to subsection (3), the notes to the statutory financial statements of a company shall disclose, both for the current and the preceding financial year, the aggregate amount of any consideration paid to, or receivable by, third parties for making available the services of any person -

(a) as a director of the company,

(b) as director of any of its subsidiary undertakings, or

(c) otherwise in connection with the management of the company's affairs or any of its subsidiary undertakings.

(2) The amount to be shown for the purposes of subsection (1) shall -

(a) include all relevant sums paid by or receivable from -

(i) the company,

(ii) the company's subsidiary undertakings,

(iii) any holding undertaking of the company, and

(iv) any other person, and

(b) distinguish between the sums respectively paid by, or receivable from, the company, the company's subsidiary undertakings, any holding undertaking of the company and any other persons.

(3) A company that qualifies for the micro c

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