n Without Prejudice - Overpaying directors : company law
|Article Title||Overpaying directors : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Apr 2013|
|Pages||28 - 29|
Recently, a much talked about case decided in the UK introduced an interesting angle when dealing with excessive director remuneration - Maidment v Attwood & Ors  EWCA Civ 998. As the relevant provisions of the UK Companies Act, 2006, which came into play in Maidment largely correspond with those contained in our own Companies Act, 2008, the case should be a useful precedent in South African law (see s5(2) of the Companies Act which empowers a court to consider foreign law in interpreting it.)
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