Pearse Trust Blog

Changes for New Zealand Companies – Companies Amendment Act 2014

Posted by Pearse Trust on Wednesday, Feb 04, 2015

Changes To The Companies Act

The Companies Amendment Bill, which creates the Companies Amendment Act 2014 (“the Act”) was passed into law by Royal assent on 2 July 2014.

The legislation will introduce important changes affecting the registration of New Zealand Limited Liability Companies. It aims to prevent the misuse of New Zealand companies, particularly “shell” companies, by criminal organisations and also to enhance the powers of the Registrar of Companies.

Read More

Tags: Legal, Directors, Corporate Governance, New Zealand

Appointing An Overseas Director To A New Zealand Company

Posted by Pearse Trust on Wednesday, Jan 15, 2014

The provisions relating to the appointment of a director to a new company are contained in section 150-155 of the Companies Act 1993. The appointment and removal of directors is a matter of internal management for a company, however any changes to the directors of a company must be notified to the Registrar of Companies in New Zealand.  

Read More

Tags: Directors, Corporate Governance, New Zealand

GC100 & Investor Group Publish Directors' Remuneration Report

Posted by Pearse Trust on Monday, Dec 16, 2013

A report on directors' remuneration draft by GC100 & Investor Group has outlined a number of guidelines in respect of the implementation of new reporting requirements surrounding directors' remuneration.

Read More

Tags: Directors, United Kingdom

Increased Female Representation On FTSE 100 Boards

Posted by Pearse Trust on Monday, Dec 02, 2013

Following our blog earlier this year on the call for female board representation to be increased, new figures published show that FTSE100 Companies have now increased female representation on their boards.

Read More

Tags: Directors, Corporate Governance, United Kingdom

UK Company Director Removal – Key Points

Posted by Pearse Trust on Wednesday, Sep 04, 2013

In the UK, a director may be removed from their position by the company in certain circumstances.

Read More

Tags: Legal, Directors, United Kingdom

Restriction & Disqualification Of Directors

Posted by Pearse Trust on Monday, Aug 19, 2013

In recent times, there has been an increase in the number of directors who have found themselves in the High Court facing applications to restrict or disqualify them for various breaches of the Companies Acts.

Read More

Tags: Legal, Directors

Duties & Powers Of Directors Of Private Companies In Ireland

Posted by Pearse Trust on Wednesday, Jul 24, 2013

A director is an officer of a company, appointed by the shareholders or by the other directors where the Articles of Association of the company allow, to manage the company on behalf of the shareholders.

Read More

Tags: Ireland, Directors

The Ultimate Guide To Board Etiquette

Posted by Pearse Trust on Monday, Jul 01, 2013

In the everyday course of business, boards are required to reach collective agreements. Considering the different personalities, opinions, behaviours and the executive and non executive functions of the individuals on a boa rd, reaching collective agreements can sometimes be challenging.  However, it is healthy for individuals on a board to disagree, challenge each other and offer alternative solutions to problems. Employing appropriate etiquette can be fundamental in ensuring that a board of diverse minds speak with one voice.

Read More

Tags: Directors, Corporate Governance

Creditors’ Voluntary Liquidation in the UK – The Key Facts

Posted by Pearse Trust on Monday, Jun 24, 2013

Further to our recent blog post outlining the key facts of members’ voluntary liquidations (MVL), the following is intended as a summary of the key facts of the creditors’ voluntary liquidation (CVL) procedure available to insolvent private limited companies in the UK.

Creditors’ Voluntary Liquidations Explained

A CVL is a procedure typically instigated by the directors of an insolvent company where it has been established that the company’s liabilities exceed its assets, or where it cannot pay its debts as they fall due, and therefore cannot carry on its business. The procedure is governed by the Insolvency Act 1986 and the Insolvency Rules 1986 (SI 1986/1925).

Read More

Tags: Directors, United Kingdom, Private Limited Companies, Finance

Irish Company Resolutions Simply Explained

Posted by Pearse Trust on Wednesday, Mar 06, 2013

A resolution is a formal way in which a decision is proposed and passed at company meetings.  Essentially, a resolution is written documentation describing an action that has been authorised by either the directors or members of a Company. 

Read More

Tags: Ireland, Directors, Corporate Governance