Part 2Directors’ remuneration report and directors’ remuneration policy

Chapter 1Amendments to the Companies Act 2006

Chapter 9 of Part 15

7.—(1) In the heading to Chapter 9 of Part 15 (quoted companies and traded companies: members’ approval of directors’ remuneration report)(1), omit “and traded companies”.

(2) In section 439 (quoted companies and traded companies: members’ approval of directors’ remuneration report)(2)—

(a)in the heading, omit “and traded companies”;

(b)in subsection (1), for “company to which this section applies” substitute “quoted company”;

(c)omit subsection (1A).

(3) In section 439A (quoted companies and traded companies: members’ approval of directors’ remuneration policy)(3)—

(a)in the heading, omit “and traded companies”;

(b)in subsection (1)—

(i)in the opening words, omit “or unquoted traded company”;

(ii)in paragraph (a), omit “or (as the case may be) an unquoted traded company”;

(c)in subsections (2), (2A) and (3), omit “or unquoted traded company”;

(d)in subsection (8), omit paragraph (c).

(4) In section 440 (quoted companies and traded companies: offences in connection with procedure for approval)(4), in the heading omit “and traded companies”.