203Directors’ remuneration

#### 203 Directors’ remuneration 203 Directors’ remuneration > A director of a co-operative must not receive remuneration for services as a director other than— > > > (a) fees, concessions and other benefits approved at a general meeting of the co-operative; and > > > (b) director’s travelling and other expenses that the director properly incurs— > > > > > (i) in attending meetings of the board of directors of the co-operative or any meetings of committees of directors of the co-operative; and > > > > > (ii) in attending any general meetings of the co-operative. > > Maximum penalty—$24,000 or imprisonment for 2 years, or both.