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.
1.0 (1 reviews)
Under 3 minutes
Suitable for Australia
Document Overview
Shareholders of a proprietary company can, by ordinary resolution at a general meeting, set the total remuneration for directors. This is in accordance with section 202A of the Corporations Act 2001 (Cth), though this is a replaceable rule and the company constitution may establish a different procedure for setting remuneration. The remuneration 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.
Further information:
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