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directors' benefits in kind - board minutes and contract clause
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Directors' benefits in kind - board minutes and contract clause

Directors’ benefits in kind - board minute and contract clause

Where your company provides a director with benefits in kind, it’s good practice for the arrangement to be recorded in a board minute and in the director’s contract.


remunertation package

There is no need for any special wording for a board minute. The purpose is only to record that the board approved the method of remuneration for a director, therefore you just need a statement of the facts as a record for future reference.

Where the nature of a director’s remuneration changes it should be reflected in their employment contract (also known as a service contract).


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