Boardroom Thinking and Uncertainty. We are in a period or massive upheaval within the UK economy and in the world generally. Globally it is not just the economy that is in turmoil, but also International relations due to the war in Ukraine and USA-China tensions over Taiwan. The latter made worse by the global shortage… Read more »
Strategic Planning and Coaching; Highly Effective Boards have very strong strategic planning skills. The latest research has overwhelmingly concluded that a sound strategy with a strong implementation approach is essential to sustainable success. Not surprisingly many of the elements necessary for the successful coaching and development of Directors and Senior Managers are also essential for… Read more »
Mandatory Climate related financial disclosures based upon precises of extracts from The Department for Business, Energy & Industrial Strategy document dated October 2021 entitled Consultation response: Mandatory climate-related financial disclosures by publicly quoted companies, large private companies, and LLPs Context From 24th March to 5th May 2021, the Department for Business, Energy and Industrial Strategy… Read more »
2022 Leaders and Directors Corporate Governance Ideas & Codes This is a round up and signposting of globally recognised reference sources of good corporate governance and ideas, to improve or expand your corporate governance practices. Each section consists of the heading, an explanatory introduction and a link, which is also the heading, to a pdf… Read more »
Share Buybacks Review for Directors This article is aimed at directors and the board of directors, it is an overview of share buybacks. This author has also been published on the Institute of Directors’ (IoD) website as a lead article their August 2020 Governance section. Share buybacks are hugely important in the USA. They totalled $800bn… Read more »
Wrongful Trading and Director Personal Liabilities tend to go together. If a company is deemed to be Wrongfully Trading and goes into administration or liquidation, the directors would incur personal liabilities. Even if outright dishonesty is not involved. Wrongful Trading is placing orders with no reasonable expectation of being able to pay for them when… Read more »
Leading Better Performing Teams. People naturally want to do well, both for themselves and others. Make it as easy as possible for them to do this. Explain to them what the team’s purpose is and why it is worth doing well. This should not be about making more sales or profits for the company. It… Read more »
Strategic Report s172 Duty CA2006 Large companies must explain, in their Strategic Reports, how their directors have fulfilled their section 172, Companies Act 2006 duty to promote the success if the company. Compliance with this requirement is proving challenging for many board directors. As “how” is much more difficult to explain than “if”. A simple… Read more »
10% CGT Tax Break for Directors, Entrepreneurs and Shareholders Reduced by 90%. During the period of fear, uncertainty and doubt created by the Corona virus the taxman took the opportunity to savagely and surreptitiously cut one of the most useful tax breaks for entrepreneurs and other significant shareholders. Previously, subject to meeting certain criteria, directors… Read more »
The Public Sector Borrowing Requirement is calculated using Cash Accounting, which fails to differentiate between one off cash generation and cash from recurring cash generation. It is the Annual Government deficit and was definitely being significantly reduced pre-Covid. But perhaps not as fast as the official figures suggested. The UK Government uses cash accounting, which… Read more »
