Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 203:

In page 758, between lines 29 and 30, to insert the following:

"

Voting by director in respect of contract, etc. in which director is interested

Section 162(7)

".

The purpose of the amendment is to disapply section 1627 from public limited companies. Subject to other provisions in the Bill, section 1067 allows directors of private limited companies to vote in respect of any contract, appointment or arrangement in which she or he is interested and she or he will be counted in the quorum at a meeting. It is not appropriate for public limited companies to have such a default provision applied to them. It is a matter the public limited company must address in its constitution, which shall take the form of a memorandum and articles of association.

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