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Professional Company Secretarial Solutions

Diversity on the back foot

The director-general of the CBI, Carolyn Fairburn, has warned businesses that workplace diversity is in danger of going backwards in the face of competing priorities. Speaking at a recent CBI event in London Carolyn Fairburn called diversity “one of the defining issues of our age.” However she cautioned that in times of great change it can be easy to let …

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Time to act on Corporate Governance

It’s time for directors “to take more seriously their duties to comply with the law and the Code relating to corporate governance.”  That’s the opinion of Parliament’s Business, Energy and Industrial Strategy Committee as a result of its review into corporate governance.  Whilst acknowledging the continuing benefits of the comply or explain code, the committee is concerned both about the …

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Be alert – don’t fall for scams

When is a communication from Companies House not a communication from Companies House?  No it’s not a trick question; just a reflection of a recent communication from Companies House warning businesses to be careful when they receive letters which appear to come from that body. The specific warning relates to letters or emails which purport to come from Companies House, asking …

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Understanding risk

What is risk?  It’s an interesting question and one which is not always simple or straightforward to answer. In many ways risk can be coloured by perception, experience and planning. Is it risky to climb a tree, to invest thousands on the stock market, to set out on a new business venture? What I perceive as risk may seem normal …

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Corporate Governance – 25 years on

In May 1991, recognising that investor confidence in The City was falling, the Financial Reporting Council together with the Stock Exchange and various other bodies established the Committee on the Financial Aspects of Corporate Governance, subsequently known as the Cadbury Committee.  The Committee’s remit was to examine those aspects of corporate governance which related to financial reporting and accountability with …

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Reflecting diversity

Promoting diversity within the workplace isn’t simply a device for gaining social kudos or a nice to read sentence within the annual report. Rather, diversity and inclusion are now recognised as positively contributing to a range of business benefits including a strengthened boardroom and more customer focused outlook. So much so that in a recent speech the Governor of the …

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Providing certainty and clarity

One of the principles behind the UK corporate governance code is that of ‘comply or explain’; providing clarity to shareholders and investors in order that they are able to make balanced and reasoned judgements about the strength of their investments. Because of this companies aren’t simply required to report on past events, but also look forward and make a best …

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Reforming Corporate Governance

“The UK has long been regarded as a world-leader in corporate governance, combining high standards with low burdens and flexibility.” Finding ways in which to build on these strengths as a means to enhancing UK competitiveness is the driving force between a Government consultation on corporate governance reform. The consultation, which follows the issuing of a green paper, closes on …

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UK companies attract overseas buyers

A Thomson Reuters report at the end of December 2016 highlighted the continuing attractiveness of UK companies to overseas buyers. According to the report the UK mergers and acquisitions market in 2016 was worth £142.5billion with just over 80% of this coming from overseas. In terms of overall world M&A volume, the UK stands third behind the USA and China …

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The end of the year is nigh

At the time of writing we are halfway through December. Whilst for many that means a scant ten days to go before Christmas; for 300,000 companies it means the deadline for filing annual accounts is looming large on the horizon. Company directors who have already filed their company’s accounts can sit back and breathe a sigh of relief. But for …

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