Rules & Regulations.
Additional Rules & Regulations.
Clause 4.23 allows for the Lessor or the Company to introduce additional Rules & Regulations for good estate management (“Additional Rules & Regulations”). These are listed here:
Amending the Additional Rules & Regulations.
A robust process is in place to ensure that the introduction of Additional Rules & Regulations are discussed and documented by the Lessor (“PPL”) or the Company (“PMC”). The process is as follows:
At any time during the year a proposed amendment/addition may be submitted by a Lessee in writing via the form in the Lessee feedback section of the website.
The submission must contain:
the exact proposed wording
a rationale for the amendment
Each quarter, amendments/additions will be discussed at the PMC board meeting and a vote will be held.
Any amendment/addition achieving approval via a vote (following the provisions agreed for running directors’ meetings in the Articles of Association) will be ratified as a new Additional Rule & Regulation. In the case of an equality of votes, the chairman of the meeting has a second or casting vote.
The Additional Rules & Regulations will be updated on the website, and all Lessees will be notified of the update by email.
The list of all Additional Rules & Regulations will be circulated each year along with the notice of the upcoming AGM.