Section 226B | Remuneration payments ^F1

(1)A quoted company ... may not make a remuneration payment to a person who is, or is to be or has been, a director of the company unless—^F2

(a)the payment is consistent with the approved directors' remuneration policy, or

(b)the payment is approved by resolution of the members of the company.^F3

(2)The approved directors' remuneration policy is the most recent remuneration policy to have been approved by a resolution passed by the members of the company in general meeting.