Powers of Directors

[RB]

Люди, помогите, кто в этом соображает!!!! Вот контекст:
POWERS OF DIRECTORS
The business and affairs of the Company shall be managed by the directors who may pay all expenses incurred preliminary to and in connection with the formation and registration of the Company and may exercise all such powers of the Company as are not by the Act or by the Memorandum of these Articles required to be exercised by the members of the Company, subject to any delegation of such powers as may be authorised by these Articles and to such requirements as may be prescribed by a resolution of members; but no requirements made by a resolution of members shall prevail if it be inconsistent with these Articles nor shall such requirement invalidate any prior act of the directors which would have been valid if such requirement had not been made.
Меня интересует строчка, начинающаяся со слов ...as are not by the Act or by the Memorandum of these Articles required to be exercised by the members of the Company... дальше я сам. Помогите, пожалуйста! Спасибо.

[Рудут]

...могут от имени Компании осуществлять все действия, кроме тех, которые в соответствии с Законом или настоящим Учредительным договором (Меморандумом об учреждении) относятся к компетенции/полномочиям участников/акционеров компании