Directors’ remuneration disclosure

The requirements of the
stock exchange listing agreement go well beyond the requirements of the
companies act insofar as the listing agreement requires full disclosure to be
made of all amounts paid to or for the benefit of named directors. This
includes salary, bonuses, pension contributions and benefits.

The auditor has to audit
the required disclosure and should include this in their normal audit work and
the auditors’ report will include an opinion on the directors’ remuneration
statement.

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