# The Registered Housing Associations (Accounting Requirements) (Wales) Order 1994, Paragraph 8: Consideration for directors' services


(1) The aggregate amount of any consideration paid to or receivable by third parties for making available the services of any person as a director of the association, or (while a director of the association) in connection with the management of the affairs of the association or the affairs of any subsidiary undertaking of the association.
(2) Where the consideration includes a benefit otherwise than in cash, the reference to its amount in sub-paragraph (1) is a reference to the estimated value of the benefit; and the nature of such consideration shall be shown.
(3) In sub-paragraph (1), “third parties” means persons other than the director or a person connected with him or a body corporate controlled (within the meaning of section 346 of the Companies Act 1985) by him and the association or any of its subsidiary undertakings.

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Source: https://www.legislation.gov.uk/uksi/1994/668/schedule/2/paragraph/8 (the official version)
Page: https://openlegislation.uk/registered-housing-associations-accounting-requirements-wales-order-1994/schedule-2/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.