# The Insolvency Rules 1986, Rule 5.20: The chairman as proxy-holder


The chairman shall not by virtue of any proxy held by him vote to increase or reduce the amount of the remuneration or expenses of the nominee or the supervisor of the proposed arrangement, unless the proxy specifically directs him to vote in that way.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/5.20 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-5.20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.