News

Professional Company Secretarial Solutions

Ownership and control

As part of its drive to increase transparency the Government has launched a consultation on the practical implications of its proposed new register of effective owners and controllers of businesses.  The register of people with significant control (PSC Register) is being implemented as part of The Small Business, Enterprise and Employment Bill. Part of the Government’s G8 commitments, the register …

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Preparing company reports

No matter how much clarity and vision is applied to running a company, when it comes to annual report time, it is all too easy for that clarity to slip.  Whilst regulators are leading the drive towards clear and concise reporting, by the time that the auditors, the insurers and others have had their say, the annual report can sometimes …

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Patently clear

The 1st October 2014 saw a number of changes to patent and copyright laws in the UK.  Following extensive consultation and having taken into account the rise in digital media, the UK Intellectual Property office has taken steps to simplify regulations which were considered to be over-complex and out of date. The new regulations, which were set down in the …

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Updating the governance code

On 17th September the Financial Reporting Council issued an updated version of the Corporate Governance Code.  According to the FRC “This significantly enhances the quality of information investors receive about the long-term health and strategy of listed companies, and raises the bar for risk management.” The revised code will apply for accounting periods beginning on or after 1 October 2014 …

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Disclosing a true and fair view

At the beginning of September the Financial Reporting Council (FRC) launched a consultation document on accounting standards for small entities.  Released as part of the overall consultation on the implementation of the EU Accounting Directive, the document mainly relates to small and micro-entities, ie those posting turnover which falls under the new proposed £10.2M ceiling.  However, the consultation does highlight …

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Towards clear and concise reporting

It is a scant two months since we commented on the start of the FRC’s move to promote the idea of clear and concise reporting.  The FRC’s initiative is designed to help investors to more clearly assess a company’s performance, position and prospects. In our last article we looked at the advice issued in respect of the strategic report. Now …

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Multinational risks

In July 2014 Strategic Risk in conjunction with AIG issued a report looking at the key risks faced by organisations which are looking to conduct business across the globe.  One of the key messages to emerge from the report is that organisations cannot afford to be complacent with risk factors changing ‘all the time.’  The combination of technological change allied …

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Transparent disclosures

One of the clear messages to emerge from the regulatory bodies, post recession, is the need for transparent and consistent reporting to aid investor decisions.  The days of saying as little as possible wrapped up in verbiage have gone.  Today the watchword is investor protection and the golden rule is to provide clear and concise reporting which paints a true …

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Diversity in the boardroom

“Having a diversity of perspectives leads to better decision-making, more relevant products, and makes work a whole lot more interesting” Google diversity report 2014 We’ve previously reported on the ongoing challenge of increasing female representation in the boardroom and now a report compiled by Blue Sheep has revealed some interesting patterns of representation across the UK.  The last FTSE 100 …

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Clear and concise reporting

The Financial Reporting Council (FRC) has announced the first in a series of initiatives which are designed to help investors to more clearly assess a company’s performance, position and prospects.  The initiatives which will be delivered over the next few years all aim to improve clear and concise reporting and to remove the “clutter” which can obscure the true picture. …

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