Mandatory Climate Financial Disclosure News

Mandatory Climate related financial disclosures in 2022

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 »

Strategic Report S172 CA2006

Strategic Report s172 Duty CA2006

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 is proving challenging for many board directors. “How” is much more difficult to explain than “if”.  A simple “Yes” would not satisfy… Read more »

Public Sector Accounting

The Public Sector Borrowing Requirement is calculated using Cash Accounting

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 »

Leading Remote Teams Leading Remote Teams – Top 12 Tips

Introduction These are difficult times, most staff are feeling isolated from their friends, family and their workplace colleagues.  They miss their colleagues, the workplace banter and the normally constant reassurance as to their fit and importance to the organisation.  They are feeling anxious about their future, both health-wise and job-wise. It is of paramount importance… Read more »

Board Directors must by law …

Board Directors must by law participate fully in Board discussions. You have to “exercise Independent Judgement” under s173 of the CA2006 (Companies Act). You must also “exercise Reasonable Care, Skill and Diligence”, under s174 of the CA2006. You can only fulfil your S173 and s174 duties, if you pay proper attention to the subject being… Read more »