Corporate Governance · glossary

Exceeding

Every threshold in Schedule A uses this word, and it means more than. So a £250,001 machine outside the budget is reserved, and a £250,000 one is not. Value covers the whole term, and related deals in any twelve months add up. Charter §2.2 · Chapter 2 · see Aggregation

Explained in Chapter 2, Matters Reserved and Delegation, of Corporate Governance.

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