Reading Time: 3 minutes Legal actions against individual Board Directors are rare. ClientEarth’s claim against the Directors of Shell plc filed at the High Court last week has already made headlines and will be followed closely. The claim itself alleges breach of two provisions of the Companies Act 2006(CA06), the first being that provision which attracts so much interest […]
Directors’ Duties and the ClientEarth Claim Read More »
Reading Time: 3 minutes A board should ensure that there is a robust process of verification in place prior to the release of information. This will ensure that appropriate managers and directors have reviewed the information and have confirmed it as correct, complete and reasonable prior to release. Directors should also feel confident in discharging your duties, and not
Show Me The Money: Accounts as a Constant Read More »
Reading Time: 3 minutes Why you should never use an incorporation company to set up your organisation Incorporation is the process of a business registering as limited company. This means the company becomes its own legal entity with a separate identity to those who own or run it. The process of setting up a new company can be a
Getting Company Incorporation Right Read More »
Reading Time: 4 minutes Busy but not productive Everyone is busy and being busy is probably what made you successful in the first place. All your achievements and milestones, whether personal or organisational, came from hard work and commitment. There are probably a lot of people like you in your organisation – driven, focused and resourceful. As a business
The CFO’s Guide to Cutting the Cost of Meetings Read More »
Reading Time: 4 minutes Can you remember one of the largest accounting frauds in American history? Worldcom was one of the world’s largest telecommunications companies with a market cap of a staggering US$180 billion. It grew its telecom services by acquiring companies. Revenues grew during the dotcom bubble until it burst, and revenues began to fall. The senior management
Corporate Greed; The Organisation that Could’ve Had it All Read More »
Reading Time: 4 minutes The Financial Times recently published an article by Brian Cheffins, professor of corporate law at the University of Cambridge, advocating for the abolition of the UK Corporate Governance Code (the “Code”). While Professor Cheffins raised a number of interesting points, I respectfully disagree with his view that the Code should be abolished. Professor Cheffins’ article
The Abolition Of The UK Corporate Governance Code Read More »
Reading Time: 5 minutes It’s common for organisations to get ‘stuck’ looking for suitable directors for their subsidiary boards and often they resort to appointing senior employees and ‘badge’ it as reputation enhancing to those individuals. This is a little misleading as there are legal implications associated with being appointed and it’s important all new directors, whether they’re an
Becoming A Subsidiary Director – Key Questions To Ask Read More »
Reading Time: 3 minutes The role of the Company Secretary is that of a governance professional who is responsible for organising effective meetings, ensuring information flows securely and that proper records are kept. As well as the corporate administration side of the role, and having knowledge of a wide range of governance and compliance issues, the Company Secretary also
A Day In The Life Of A Company Secretary Read More »
Reading Time: 2 minutes The Prince of Wales Charitable Trust was recently reported to have received £3m in Fortnum & Mason carrier bags from a Qatari former prime minister between 2011 and 2015. This is on top of the allegations of cash for honours and cash for access related to The Prince’s Trust which is being investigated by the
Are Charities Blissfully Unaware Of Due Diligence? Read More »
Reading Time: 3 minutes In May 2022, the Department for Business, Energy and Industrial Strategy (BEIS) published their response to 2021 White Paper on audit and corporate governance reform. The changes will not be introduced fully for as long as two years with amendments required to the UK Corporate Governance Code and primary and secondary legislation. Have the measures
Audit and Corporate Governance Reform Read More »
