Shareholders' Resolution to Set Director Remuneration (Circulating Resolution)This Shareholders' Resolution can be voted on as an ordinary resolution to set the total remuneration for directors.
Shareholders of a proprietary company can, by ordinary resolution at a general meeting, set the total remunerationfor directors. This is in accordance with section 202A of the Corporations Act 2001 (Cth), though this is areplaceable rule and the company constitution may establish a different procedure for setting remuneration. Theremuneration of the managing director may be determined through a separate agreement.
This resolution can be inserted into:
Where you wish to pass the resolution in a directors' meeting, you must use the documents above. Simply copy and paste the text of the resolution.