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Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. With responsibilities that includes setting the company’s strategic aims, provides leadership to put them into effect and supervises the management of the business as well as reports to shareholders on their stewardship. However, good governance can have wider impacts to the non listed sector as it is fundamentally about improving transparency and accountability within existing systems.
Comparison of the position under the UAE Commercial Companies Law and the DIFC regime
05.06.2017 |Corporate governance, Compliance
Comparing general principles that apply to directors’ duties and liabilities in the UAE – onshore with those applying in the DIFC.
New Regulatory Reference Regime
24.04.2017 |Corporate governance, Compliance
New FCA and PRA rules relating to “regulatory references” which form part of the senior managers regime and senior insurance managers regime (aimed at improving accountability in the financial services sector) come into force on 7 March 2017.
The SFC’s new ‘Manager in Charge’ Regime
24.01.2017 |Corporate governance, Compliance
On 16 December 2016, Hong Kong’s Securities and Futures Commission (“SFC“) issued a circular regarding new measures to increase the accountability of senior management personnel of licensed corporations.
Directors’ Duties and Liabilities in the PRC
09.11.2016 |Corporate governance, Compliance
The legal concept of directors’ duties and liabilities is relatively new in the Chinese civil law jurisdiction.
27.10.2016 |Corporate governance, Compliance
The new Commercial Companies Law (“CCL”) No. 2 of 2015, entered into force on the 1st of July 2015. The CCL introduced several new legal concepts which should encourage and enhance investments in the UAE. In this article we only focus on a few novelties in relation to the limited liability and joint stock companies.
New reporting requirements on payment practices for UK businesses
16.08.2016 |Corporate governance, Compliance
Thousands of businesses experience serious financial difficulties, even insolvency, simply because they are not paid on time.
Criminal Finances Act 2017 – Failure to prevent facilitation of tax evasion
16.08.2016 |Corporate governance, Compliance
Target of Act is the prevention of tax evasion, which is the deliberate and illegal circumvention of tax rules in order to escape a tax liability.
UK: CS01 Confirmation statement
18.07.2016 |Corporate governance, Compliance
Companies House has just published the CSO1 Confirmation statement which replaces the Annual Return, together with a Guide for directors, secretaries and persons acting as advisers to UK registered companies.