Section 239AW — Companies Act 1993: Directors must attend watershed meeting

239AW Directors must attend watershed meeting (1) The directors of the company must attend the watershed meeting, including any occasion to which the meeting is adjourned, but cannot be required to answer questions at the meeting. (2) A director need not attend the watershed meeting if— (a) the director has a valid reason for not attending; or (b) the administrator or the creditors by resolution have excused the director from attending. (3) A director attending the watershed meeting must leave for all or part of the remainder of the meeting if required by a resolution of the creditors to do so. (4) A director who contravenes subsection (1) commits an offence, unless subsection (2) applies, and is liable on conviction to the penalty set out in section 373(1) . Section 239AW: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).