The Enterprise and Regulatory Reform Act 2013 (Commencement No. 3, Transitional Provisions and Savings) Order 2013 was made on 7 September. Article 2(h) of the Order brings into force, on 1 October, sections 79 to 82 ("Payments to directors of quoted companies") of the Enterprise and Regulatory Reform Act 2013. These sections, which makes changes to the Companies Act 2006, contain the new framework for shareholder approval of remuneration policy. An extract from the explanatory memorandum for these sections is available here.
Wednesday, 11 September 2013
UK: The Enterprise and Regulatory Reform Act 2013 (Commencement No. 3, Transitional Provisions and Savings) Order 2013
The Enterprise and Regulatory Reform Act 2013 (Commencement No. 3, Transitional Provisions and Savings) Order 2013 was made on 7 September. Article 2(h) of the Order brings into force, on 1 October, sections 79 to 82 ("Payments to directors of quoted companies") of the Enterprise and Regulatory Reform Act 2013. These sections, which makes changes to the Companies Act 2006, contain the new framework for shareholder approval of remuneration policy. An extract from the explanatory memorandum for these sections is available here.
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