remuneration (1) A company must disclose the remuneration paid to each
director of the company or a subsidiary (if any) by the company or by an
entity controlled by the company if the company is directed to disclose the
information by:
- (a)
- members with at least 5% of the votes that may be cast
at a general meeting of the company; or
- (b)
- at least 100 members who are entitled to vote at a general meeting of the
company.
The company must disclose all remuneration paid to the director, regardless of
whether it is paid to the director in relation to their capacity as director
or another capacity.
(2) The company must comply with the direction as soon as practicable by:
- (a)
- preparing a statement of the remuneration of each director of the company
or subsidiary for the last financial year before the direction was given; and
- (b)
- having the statement audited; and
- (c)
- sending a copy of the audited statement to each person entitled to receive
notice of general meetings of the company.