News

Professional Company Secretarial Solutions

Sharpening the governance code

In its 25th year a major revision is being contemplated for the UK’s Corporate Governance code.  The revision has been much heralded, with a widespread acknowledgement that although it is still fit for purpose the time has come to ensure that the code will continue to deliver effective governance in a changing world. With this in mind the Financial Reporting …

Read More

Governing a strong future

It is fair to say that the 2017 Autumn Budget has received a mixed reception. Delivered against a background of Brexit negotiations allied to a technological revolution which in the Chancellor’s words will “change the way we work and live and transform our living standards for generations to come” the Budget was always going to be a difficult one to …

Read More

The Senior Managers & Certification Regime

A replacement for the Approved Persons Regime A Financial Conduct Authority (‘FCA’) consultation closed recently that will affect almost every firm that offers financial services and is regulated by the FCA. CP17/25 concluded on 3 November 2017 and the FCA expects to produce a policy statement in the summer of 2018. The consultation proposals revamp how people within FCA regulated …

Read More

Judgements and estimates

Language on its own can be an all too imprecise medium.  When we converse we use gestures, facial expressions and tone of voice in order to enhance the meaning of our words. And our listeners respond appropriately, looking beyond the mere words to the entirety of the message in order to judge nuance or subtext. But what happens when we …

Read More

A Guide to Protected Cell Companies: a new corporate structure for Insurance SPVs

The Risk Transformation Regulations (the ‘Regulations’) will, once enacted into law, create the protected cell company (‘PCC’). This is an entity that will be used as a multi-arrangement insurance special purpose vehicle (‘mISVP’). A PCC will be a private company limited by shares but will have unique characteristics. Designed to provide for the efficient and robust management of multiple insurance …

Read More

Improving corporate reporting

How clear and concise are your corporate reports?  More importantly how closely do they align with the nine characteristics of good corporate reporting as outlined by the Financial Reporting Council (FRC)? In compiling their list the FRC has taken areas such as complying with fundamental corporate law and accounting standards as a given. The other nine characteristics have been outlined …

Read More

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

Page 1 of 1512345»10...Last »