[COM 99] Remuneration of directors99 

99

(1) Subject to subsection (2) and sections 101 and 102, a company must not pay the directors of a company remuneration in excess of the amount from time to time approved by the members of the company in a general meeting.

(2) The articles of association of a private company may include a provision varying the application of subsection (1) to the company.

(3) Notwithstanding subsection (1), the company may also pay the directors’ travelling and other expenses properly incurred by the director in connection with the company’s business.