Welcome to Simply-Docs

Letter to Members re Director’s Proposed Long Term Service Contract (s.188)


This is a template letter to members informing them that the company proposes to enter into a long-term service agreement with a director. Under section 188 of the Companies Act 2006, directors’ service contracts with a guaranteed term which is (or maybe) longer than 2 years must be approved by an ordinary resolution of the shareholders of the company. In addition, a resolution under section 188 must not be passed unless a memorandum setting out the proposed contract incorporating the term is made available to members (s.188(5)).

This cover letter should be sent to members enclosing the proposed (written) resolution to approve such term, as well as the memorandum.

The document is in open format. Fields should be completed where indicated. Wording in square brackets is optional and can be deleted or retained according to requirements.

Once you have subscribed to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

Letter to Members re Director’s Proposed Long Term Service Contract (s.188) is part of Corporate Documents. Just £35.00 + VAT provides unlimited downloads from Corporate Documents for 1 year.

Simply-4-Business Ltd Registered in England and Wales No. 4868909 Unit 100, Parkway House, Sheen Lane, London SW14 8LS