18. REMUNERATION
18.1 The Directors are to be paid, in the aggregate, the remuneration determined by resolution at a meeting of the Members divided between them in such proportions as the Directors may determine under the Directors’ Remuneration Policy which is determined by the Board from time to time.
18.2 The Company may also pay the expenses incurred by the Directors provided that those expenses are properly and reasonably incurred:
(a) in attending Board meetings or any meetings of committees of the Board;
(b) in attending any meeting of Members (or meeting of the Member Council if they are so invited); and
(c) in connection with the Company’s business.
18.3 The Board must report to the Annual General Meeting in respect of the relevant financial year:
(a) remuneration paid to each Director and the composition of any such payments;
(b) the number of meetings attended by each Director;
(c) the number of meetings each Director was entitled to attend; and
(d) the reimbursement to each Director for expenses incurred and the composition of those expenses.
