Ireland · The traded public limited company
The remuneration policy vote, the remuneration report, related party transactions and the governance statement
the Companies Act 2014 · sections 1110M to 1110O, 1373, 1374, 1376 and 1377
A traded PLC must hold a remuneration policy vote at least once every 4 years
The remuneration vote is periodic and the period is four years. Subject to section 1110M(4)(b) and to paragraphs (b) and (c) of the subsection, a traded PLC must hold a remuneration vote at least once every 4 years (section 1110M(5)(a)). A company that puts the policy to the meeting only when it changes will miss the cycle.
Related party announcements are made at the conclusion of the transaction, not after it. Subject to section 1110O(5), when entering into a material transaction with a related party, a traded PLC must publicly announce the transaction no later than at the conclusion of the transaction (section 1110O(1)). An announcement made when the accounts are published is far too late.
Sections 1110M and 1110N require the remuneration report to be made available after the vote
Sections 1110M and 1110N govern the remuneration policy, the vote on it and the directors' remuneration report. Without prejudice to any longer period laid down by European Union law, a traded PLC may not make the remuneration report available in the manner section 1110N(5) prohibits. After a general meeting at which a vote under section 1110N(6) is held, the traded PLC must make the report available as section 1110N(8)(a) requires, subject to paragraph (b).
Section 1110O governs the transparency and approval of material transactions with related parties. Sections 1373, 1374, 1376 and 1377 require the corporate governance statement of a traded company to be included in the directors' report referred to in section 325, subject to section 1373(3), and set what that statement must contain.
The system generates your ComplianceSME company passport and then walks you through the working files
Working files 146, 147, 148 and 173 of the IE-COMPANY agent toolkit cover this situation. Working file 146 works through the right to vote on the remuneration policy and the four-year cycle. Working file 147 works through the directors' remuneration report and its publication. Working file 148 works through the identification, announcement and approval of related party transactions. Working file 173 works through the corporate governance statement in the directors' report.
- Working file 146 · The right to vote on the remuneration policy
- Working file 147 · The directors' remuneration report
- Working file 148 · Transparency and approval of related party transactions
- Working file 173 · The corporate governance statement of a traded company
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The working files above open from your ComplianceSME account at no charge, and so does the rest of the Companies Act 2014 toolkit: 215 working files across the 75 situations a company registered in Ireland can be in. Working file 1 runs first and builds the company passport; after that you open each working file as its situation arises.
A working file runs in Claude. You ask the ComplianceSME connector for it in a dedicated premium seat on the Claude Team plan. It asks one question at a time, then returns the document the Companies Act 2014 names, citing the Act's section at every step. Nothing is downloaded and nothing is installed.
The report stays yours, ready for a bank, an insurer, a customer or an inspector. Your dashboard shows every working file and its state.
Open this working fileComplianceSME tracks the Companies Act 2014 and updates the toolkit on your account through the Compliance Complete account, so that you are never working from a superseded version. Compliance Complete