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Section 412: Information about directors' benefits: remuneration

Companies Act 2006 · 2006 c. 46View on legislation.gov.uk

Part 15: Accounts and reports — Chapter 4: Annual accounts

The Secretary of State may make provision by regulations requiring information to be given in notes to a company's annual accounts about directors' remuneration.

The matters about which information may be required include—

gains made by directors on the exercise of share options;
benefits received or receivable by directors under long-term incentive schemes;
payments for loss of office (as defined in section 215);
benefits receivable, and contributions for the purpose of providing benefits, in respect of past services of a person as director or in any other capacity while director;
consideration paid to or receivable by third parties for making available the services of a person as director or in any other capacity while director.

Without prejudice to the generality of subsection (1), regulations under this section may make any such provision as was made immediately before the commencement of this Part by Part 1 of Schedule 6 to the Companies Act 1985 (c. 6).

It is the duty of—

any director of a company, and
any person who is or has at any time in the preceding five years been a director of the company,

to give notice to the company of such matters relating to himself as may be necessary for the purposes of regulations under this section.

A person who makes default in complying with subsection (5) commits an offence and is liable on summary conviction to a fine not exceeding level 3 on the standard scale.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.