Manchester City FC\\\’s Crisis: Financial Irregularities, Governance Issues, and the Implications for Football Introduction Manchester City FC, a club revered worldwide, has been enmeshed in a web of controversies and governance crises. In the last decade, the club\\\’s conduct, especially concerning financial matters, has come under intense scrutiny. Ranging from financial fair play (FFP) violations …
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 »
The King IV Code (‘Code’) is an important South African corporate governance code which adopts an inclusive approach and was first introduced in 1994 by the King Committee, chaired by Mervyn King. The Code has been revised multiple times to maintain national and international standards. What is it? The aim of the Code is to …
The board of any company about to embark on a major transformation or project always needs to do one thing: prepare. Doing anything new or different automatically involves uncertainty or ‘risk’. However, risk is something we all live with and manage every day of our lives. In business it is how this uncertainty is managed …
Planning for an IPO: Practical Points and Thoughts Read More »
The articles of association (“Articles”) are the governing rule book of the Company. A regular review of your company’s Articles ensures that they contain the provisions that are right for your company and are in accordance with current legislation. That’s particularly true when the company has more than one director or shareholder, as properly drafted Articles …
Temporary and permanent measures. The long-awaited Corporate Insolvency and Governance Act 2020 is now in place but what does it mean for companies? We provide a summary of the key changes. It means greater flexibility… 1) Shareholder meetings due to be held between 26 March to 30 September 2020: Can be held electronically (regardless of …
Corporate Insolvency and Governance Act 2020. What’s changed? Read More »
As many of you will have seen, the Alternative Investment Market (AIM) turned 25 last week. It was set up as an alternative to the Main Market to appeal to smaller start up companies who want to raise capital and fund business health and development in a way which supports organic growth. It has been hugely …
