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Section 226C: Loss of office payments

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 10: A company's directors — CHAPTER 4A: Directors of quoted companies ...: special provision

No payment for loss of office may be made by any person to a person who is, or has been, a director of a quoted company ... unless—

the payment is consistent with the approved directors' remuneration policy, or
the payment is approved by resolution of the members of the company.

The approved directors' remuneration policy is the most recent remuneration policy to have been approved by a resolution passed by the members of the company in general meeting.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.