Section 420

The directors of a quoted company... must prepare a directors' remuneration report for each financial year of the company. In the case of failure to comply with the requirement to prepare a directors' remuneration report, every person who— commits an offence. was a director of the company immediately before the end of the period for filing accounts and reports for the financial year in question, and failed to take all reasonable steps for securing compliance with that requirement, A person guilty of an offence under this section is liable— on conviction on indictment, to a fine; on summary conviction, to a fine not exceeding the statutory maximum.

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Source: legislation.gov.uk · retrieved 2026-09-04