Decision on paying honorarium to Company Secretary

[terry.dennis]

In a small private limited company , can the elected Directors set the honorarium for the elected Company Secretary without consultation with the company shareholders ?
If so , what is the source of such a decision ?

Any other comments would be welcome.

 

[Billmccallum]

It depends on what the memorandum and articles say on the subject... if the directors have discretion then yes. But it is likely that eagle eyed shareholders might question the level when the accounts come up for review.

In a small private company, the directors are usually shareholders too, so it would be obvious.