News

Professional Company Secretarial Solutions

Increasing ethnic diversity on boards

On 12 October 2017 the Parker review committee published its final report into ethnic and cultural diversity within the boards of UK companies.  That a review was required is undisputed; the statistics are stark. When, responding to the demand for greater female representation, Lord Davies of Abersoch launched his women on board campaign in 2011, female representation stood at 12.5%.    …

Read More

Updating the corporate governance code

The UK is generally acknowledged to have one of the most flexible and effective corporate governance codes in the world.  This has helped to engender a measure of stability and trust which has resulted in the country being viewed as the number one destination for inward investment in Europe.[1] But that’s no reason to be complacent.  If the UK is …

Read More

Finance Bill 2017-19

“A Bill to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.” That’s the Finance Bill 2017-19 in a nutshell according to the parliamentary website.  It’s a fairly brief and uninformative summary given that the bill itself is 674 …

Read More

Mission statements and strategy

When was the last time you revisited your mission statement? If it was some time ago, then you are not alone; after all for many organisations, particularly where the product mix remains unchanged, it would be understandable for review energies to be directed towards areas such as budgets and forecasts. But even if you started out selling widgets, continue to …

Read More

Failure to prevent tax evasion

On 30 September 2017 a new law drops onto the statute book and it is well for businesses to be prepared. Applying to all companies and partnerships, the offence of failing to prevent tax evasion sits within the Criminal Finances Act which received Royal assent in April. Essentially, the new legislation is intended to stop businesses from ignoring activities carried …

Read More

Corporate Governance – a cautionary tale

The UK may have one of the strongest and most flexible corporate governance regimes in the world but even that cannot prevent governance going awry from time to time. And when it does, the consequences can be significant both for the reputation and long-term prospects of the company. Two such instances have come to light in the past week, acting …

Read More

Annual report time for the FRC

On 19th July the Financial Reporting Council (FRC) issued its annual report and accounts for 2016/17.  Although, as you’d expect from an annual report, this was primarily a chance to review and report on the year in question, the FRC also followed its own reporting best practice recommendations and took the opportunity to look forward.   Launching the report the …

Read More

Cyber security awareness

How cyber–secure is your business? If online security is something which you have traditionally assumed is covered by your IT department or contractor then you may need to think again.  Cyber security is as much your responsibility as a director as any other form of risk management or oversight.  And it’s no good thinking that ‘it won’t happen to me’.  …

Read More

A Queen’s Speech for Brexit

Given that the forthcoming Parliamentary session will usher in one of the most significant governance transformations in modern times, the June 2017 State Opening of Parliament was a strangely subdued affair.  Thanks to its proximity to the Queen’s Birthday Parade the decision was taken to curtail some of the ceremony, with the Queen not donning her usual robes of state, …

Read More

Disclosure and communication

If there was one key rule for effective communication it would be to know your audience. Without that one basic level of understanding whatever you attempt, whatever medium you use, it is unlikely to have the impact that you intended. It was with interest therefore that we noted a forthcoming Financial Reporting Council (FRC) event entitled ‘Better Communication – Seeing …

Read More

Page 1 of 1512345»10...Last »