A foreign company may establish a "Place of Business" or a "Branch" within the Republic of Ireland (the "State").
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Tags: Ireland, Legal, Corporate Governance, Incorporation
Usually only large companies would consider appointing a Non-Executive Director (NED) to the board. However, an NED can be very beneficial to small and medium sized businesses (SMEs) and may considerably contribute to the success and development of a company.
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An Extraordinary General Meeting (EGM) is any meeting of the Company other than an Annual General Meeting (AGM). The Directors of the Company may convene an EGM when appropriate or when they require prior approval from its members before taking a certain action.
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Tags: Ireland, Legal, Directors, Corporate Governance, United Kingdom
The Companies Act 2006 introduced a provision allowing private companies to dispense with the holding of annual general meetings. However, there are certain instances in which a members’ meeting must be held as follows:
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A derivative action / derivative claim is a claim brought against one, or more, company directors, or a third party (such as a senior manager / executive, or someone who has benefitted from the act, or omission, complained of), by one, or more, members of the company, on behalf of that company. Prior to the UK Companies Act 2006, such claims were governed by common law principles.
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A report released by the House of Commons has suggested that poor corporate governance was common within the Football Association.
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The Office of the Director of Corporate Enforcement published information briefings on various Company Law matters in November 2011, one of which covers the principal duties and powers of a Company Secretary under the Companies Act 1963-2009.
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Section 232 of the UK Companies Act 2006 provides that any provision, whether contained in the Company’s Articles of Association or otherwise, which releases a Company Director from his liability in respect of negligence, default, breach of duty or breach of trust in relation to the Company is void. However, Section 233 states that this does not prevent a Company from purchasing and maintaining insurance for a Director of its Company, or its associated company, against the above listed liabilities.
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A Disqualification Order issued in 2007 to Mr. Barry Seymour by the High Court has been overturned following an appeal to the Supreme Court.
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