Corporate Governance · glossary
Money spent on things the company keeps, such as a machine. The chief executive may approve it up to £250,000 if it is in the approved budget. Outside the budget, spending of more than £250,000 is a Matter Reserved (Schedule A, item 2). Schedule A, item 2 · Charter, Schedule B · Chapter 2
Explained in Chapter 2, Matters Reserved and Delegation, of Corporate Governance.
Capital expenditure is money spent on things the company keeps, such as a chiller. Item 2 reserves it only when it is not in the approved budget. Items on the company's shape have no figure, because none of them has a small version.Read Chapter 2, Matters Reserved and Delegation →
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