Mark McLaughlin looks at the national minimum wage in the context of directors of owner-managed companies.
Not every director of an owner-managed property company wants or needs a large salary from the company.
For example, the company’s business might be going through difficult times; or the director might have sufficient income from other sources; or the company’s remuneration policy might be low salary and high dividends.
Whatever the reason, companies should consider whether their directors are obliged to receive the national minimum wage ),
