COMPANIES ACT - 1963 (ACT 179)

    Section - 192 - Executive Directors

    Unless the company's Regulations shall otherwise provide,

    (a) a director may hold any other office or place of profit under the company, other than the office of auditor, in conjunction with the office of director;

    (b) the directors may from time to time appoint one or more of their body to such other office for such period and on such terms as they may determine and, subject to the terms of any agreement entered into in any particular case, may revoke such appointment;

    (c) subject to compliance with section 194 of this Code and subject to the provisions of section 195 of this Code, such office may be remunerated by way of salary, commission, share of profits, participation in pension and retirement schemes, or partly in one way and partly in another, as the directors may determine;

    (d) in exercising their powers hereunder the directors shall observe the rules laid down in sections 203 and 204 of this Code and, in particular, in determining the amount of remuneration shall satisfy themselves that the amount of the remuneration is reasonably related to the value of the services of the holder of the office.