Example sentences of "the directors [art] [noun] " in BNC.
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| 1 | The effect of the section on this first analysis is , therefore , despite its mandatory language , to give the directors a discretion to act in the interests of the employees where they consider it appropriate in preference to those of the shareholders ; they do not have a practicably enforceable obligation to further employee interests . |
| 2 | ( 9 ) If the bidder is proposing to offer consideration shares then , unless it already has sufficient authorised but unissued share capital and the appropriate directors ' authority to allot such shares , it will need to pass ordinary resolutions increasing its authorised share capital and granting the directors an authority under CA 1985 , s80 . |
| 3 | ‘ The inconvenience arising from cold in the most carefully constructed railway carriage , where a long journey has to be performed in the winter season , suggested to the directors the necessity of fixing a warming apparatus in the bed of the carriage , and Mr. Perkins , the inventor of the steam gun , has accordingly fitted a very ingenious apparatus for the purpose of heating the carriage , which may be thus briefly described : — a coil of pipe placed near the hinder axletree , and supplied with water from a small cistern in the bed of the carriage , is kept heated by means of a lamp with four burners . |
| 4 | This proposal will give the Directors the flexibility in future to make relatively routine changes to the schemes and the Directors intend initially to use this authority to incorporate the power to allow option holders , with the agreement of any acquiring company , to exchange their options over shares in the Company for options over the shares of that company ( or another company in the same group ) as permitted by statute since 1987 . |
| 5 | It is proposed to give the Directors the authority to alter the schemes to take account of or comply with any changes in any proposed or existing legislation affecting the schemes , or to take account of any take-over or reconstruction of the Company or to obtain or maintain favourable taxation treatment of the Company , any subsidiary or any participant , in each case excluding any changes which affect the basic structure of the schemes or the limits on the number of shares which may be subscribed for under the schemes . |
| 6 | Section 317 Companies Act 1985 provides that it is the duty of a director of a company who is in any way , whether directly or indirectly , interested in a contract or proposed contract with the company to declare at a meeting of the directors the nature of his interest . |