Companies Act 2014 section 957E

Resolution of suspected certain conduct by agreement - relevant director

Section 957E provided a mechanism for resolving suspected misconduct by a relevant director through agreement, but this section has been repealed.

• Section 957E was introduced by the Companies (Statutory Audits) Act 2018 to allow suspected misconduct by a relevant director to be resolved by agreement rather than through formal enforcement proceedings.
• The section offered directors a route to settle matters where certain conduct was suspected, without the need for a full hearing or prosecution.
• This provision formed part of a broader framework of corporate enforcement tools available under Part 15 of the Companies Act 2014.
• Section 957E was subsequently repealed in its entirety by section 3 of the Companies (Corporate Enforcement Authority) Act 2021, meaning it no longer has legal effect.

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