[Part I Emoluments of and Dealings with Members of the Committee]
Friendly Societies Act 1992 (1992 c 40) | Legislation

[SCHEDULE 13D Disclosures about Members of the Committee of Management and Employees]

[Section 69J]

[Part I Emoluments of and Dealings with Members of the Committee]

[Aggregate amount of committee members' emoluments

1

(1)     The aggregate amount of committee members' emoluments must be shown.

(2)     In this paragraph, “committee members' emoluments†means the emoluments paid to or receivable by any person in respect of—

(a)     his services as a member of the committee; or

(b)     his services while a member of the committee—

(i)     as director of any of the society's associated bodies; or

(ii)     otherwise in connection with the management of the affairs of the society or any of its associated bodies.

(3)     There must also be shown, separately, the aggregate amounts within sub-paragraph (2)(a), sub-paragraph (2)(b)(i) and sub-paragraph (2)(b)(ii).

(4)     For the purposes of this paragraph the “emoluments†of a person include—

(a)     fees and percentages;

(b)     sums paid by way of expenses allowance (so far as those sums are chargeable to United Kingdom income tax);

(c)     contributions paid in respect of him under any pension scheme; and

(d)     the estimated money value of any other benefits received by him otherwise than in cash,

and

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