Section 231
Directors’ service contracts
ActIn forceProvision 231 of 768
Section 231
(a)
a director of the company undertakes personally to perform services, as a director or otherwise for the public company or for a subsidiary of the public company; or
(b)
services that a director of the public company undertakes personally to perform as director or otherwise are made available by a third party to the public company, or to a subsidiary of the public company.
(2)
The provisions of this Division relating to directors’ service contracts shall—
(a)
be applicable to the terms of a person’s appointment as a director of a public company; or
(b)
not be restricted to contracts for the performance of services outside the scope of the ordinary duties of a director.
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