Transactions with directors - general Flashcards
(3 cards)
1
Q
why do SHs vote on this?
A
the SHs are not voting on the transaction itself, but the transaction with the director because these types of transactions are particularly vulnerable to abuse
2
Q
how are these transactions approved?
A
Transaction approved by OR or duomatic principle
3
Q
can a SH who is the transacting D vote?
A
they can vote on the OR in their capacity as SH, but not at the BM
