Interested directors
This query is : Resolved
09 May 2012
Dear Members...
For increase in remuneration of Managing Director of Public Company, the Board contains 5 directors out of which 3 are interested including Managing Directors.
How can we get approval of Board of Directors for such increment in remuneration.
Thanks…
For increase in remuneration of Managing Director of Public Company, the Board contains 5 directors out of which 3 are interested including Managing Directors.
How can we get approval of Board of Directors for such increment in remuneration.
Thanks…
10 May 2012
Hi
The remuneration committee will approve the remuneration of MD which consist of independent directors. Otherwise it will be forwarded to shareholders for approval.
Regards
The remuneration committee will approve the remuneration of MD which consist of independent directors. Otherwise it will be forwarded to shareholders for approval.
Regards
10 May 2012
thanks sir,
For increase in remuneration of Managing Director, apart from Remuneration Committee Approval the same matter is also required to be approved by the Board. Hence other two director being the son of MD are interested in the matter.
Now how can board paas the same resolution as from 5, 3 directors are interested.
For increase in remuneration of Managing Director, apart from Remuneration Committee Approval the same matter is also required to be approved by the Board. Hence other two director being the son of MD are interested in the matter.
Now how can board paas the same resolution as from 5, 3 directors are interested.
10 May 2012
Hi
In that case, the resolution will be approved by shareholders.
In that case, the resolution will be approved by shareholders.
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