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 »

Corporate Governance Ideas & Codes

Leadership and Trust for Directors

Leadership and Trust for Directors. Leadership is about inspiring and motivating groups of people to achieve their best. To achieve this it is essential for directors to first create a trusting environment where people are not afraid to admit to and acknowledge mistakes and shortcomings. Team performance can often be changed for the better or… Read more »

10% CGT Tax Break for Directors

Goodwill Accounting Changes Impact Board Performance

Goodwill Accounting Changes impact Board performance, published profits and maximum dividends payable. UK Plc is damaged, yet again, by the overly rigid application by our UK regulators of EU rules. The accounting standard, FRS102, forces UK companies and their boards of directors to amortise all intangible assets through the annual P&L.  However, those companies and directors… Read more »