Entire Section

  • Transactions relating to non-executive directors

    • 14A.103

      The Exchange may waive all or some of the connected transaction requirements for a connected transaction with a non-executive director of the listed issuer or its subsidiaries if:

      (1) the transaction is connected only because of the interest of a non-executive director; and
      (2) the director does not control the listed issuer's group, and his principal business interest is not the listed issuer's group.

      Where a waiver is granted from the shareholders' approval requirement under this rule, the Exchange may require the listed issuer's auditor or an acceptable financial adviser to give the opinion that the transaction is fair and reasonable to the shareholders as a whole.