oa Comparative and International Law Journal of Southern Africa - Payment to directors for loss of office etc - a critical glance at s 227 of the Draft Companies Bill



It is unlawful for a company to make to any director any payment (""a payment"") by way of compensation for loss of office or as consideration for or in connection with his retirement from office, Unless particulars of the proposed payment (including the amount thereof) are disclosed to the members of the company and the proposed payment is approved by the company in general.


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