Ireland has emerged as the least complicated country in the world for businesses to stay compliant with corporate regulations and undertake commercial operations, according to a new study.
In a recent report ranking 95 countries according to compliance requirements, Ireland was ranked to be the least complicated country in the world in terms of compliance requirements when doing business.
Read MoreTags: Ireland, Legal, Corporate Governance, Economy, Investment
In the last decade corporate social responsibility has become synonymous in many ways with large multinational companies. It has been suggested that good governance can increase public perception, and in turn bolster the bottom line.
Read More
Full compliance in corporate governance for FTSE 350 companies has decreased from 61% to 57%, according to Grant Thornton’s Corporate Governance Review and Trends 2015 Report.
The 2015 figures also show a slight decrease in the number of FTSE 350 companies who complied with all but one or two of the UK Corporate Governance Code provisions; 90% compared to last year’s 93.5%.
Read MoreTags: Legal, Corporate Governance, United Kingdom, Shareholders
The Companies Act 2014 commenced in June 2015 with the aim of consolidating and simplifying company law in Ireland. A major change in the law was the creation of a simplified private limited company without an objects clause. This blog examines the objects clause and the effect of Ireland's Companies Act 2014 on same.
Read MoreTags: Ireland, Legal, Corporate Governance, Limited Companies
The topic of whistleblowing has been a prominent issue in the media in recent years with several large corporate and governmental scandals being exposed. The UK was the first EU country to have specific whistleblowing laws through its Public Interest Disclosure Act 1998 (PIDA).
Read MoreTags: Corporate Governance, United Kingdom, Social Responsibility
The Small Business, Enterprise and Employment Bill (“SBEE”) has now passed through the UK House of Commons and is currently under consideration by the House of Lords. The SBEE will implement a UK Government commitment to promote an agenda of corporate transparency and international tax reform.
Tags: Legal, Corporate Governance, United Kingdom
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.
Tags: Legal, Directors, Corporate Governance, New Zealand
Corporate Governance is broadly concerned with the relationships between shareholders of a company and its board. Effective governance should facilitate efficient, entrepreneurial and prudent management that delivers long term value to a company’s shareholders.
In June 2014, the Financial Reporting Council (“FRC”) in the UK published Guidance on the Strategic Report, a new reporting obligation established to provide investors with a greater understanding of how companies are run and their strategic direction.
The guidance has been issued in line with the FRC’s programme of work in respect of promoting clear and concise reporting to allow potential investors to establish their thoughts about the company’s performance, its current position and its future prospects.
According to the Companies Act 1993, every company registered at the Companies Office must file an Annual Return with the Registrar each year, except during the calendar year of its incorporation.
Upon incorporation, the Registrar will allocate the company its ‘Annual Return Filing Month’. The company is then required to deliver an annual return to the Registrar during that allocated filing month i.e. between the first and last day of the month. A company may opt to change its annual return filing month when filing its current annual return.
Failure to file an annual return will result in the Registrar initiating action to remove the company from the Registrar.
Tags: Legal, Corporate Governance, New Zealand
