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Stakeholders in modern UK company law

Stakeholders in modern UK company law

[2017] 1 BCLC 453 and Dickinson v NAL Realisation (Staffordshire) Ltd [2017] EWHC 28 (Ch). In BTI (supra) Rose J in a lengthy judgment indicated that the s. 172(3) duty arose at a time when the directors ought to be contemplating the future insolvency of the company either because it was on the verge of insolvency or there was a potential long term liability that had not been provided for. Neither condition was met on the facts of the case before the court. But Rose J did indicate that the possibility of s. 423 of the Insolvency Act 1986 coming into play was much greater because the statutory language of the provision was deliberately wide. A dividend payment could be found to be a transaction at an undervalue within the meaning of s. 423 of the 1986 Act. In Dickinson (supra) the point was again made by HHJ McKenna (following BTI) that it would be difficult to engage s. 172(3) where the company was solvent, but not so difficult in the case of engaging s. 423. In this case certain property transactions and share buybacks were under the microscope and were in part successfully challenged. If this thinking becomes the norm we may be witnessing a significant development in upgrading directorial stewardship requirements in UK Company Law through these apparently obscure cases.
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The internationalisation of FairShares model : where agency meets structure in US and UK company law

The internationalisation of FairShares model : where agency meets structure in US and UK company law

The 2015 ‘ State of FairShares Survey ’ (unpublished) received 43 responses from 14 countries (Australia, Canada, China, Columbia, Croatia, Indonesia, Ireland, Italy, Latvia, Netherlands, Puerto Rica, Spain, UK and USA). Whilst this attests to some limited propagation of the FSM internationally, it is a European Project ( ‘ FairShares Labs for Innovation in Blue and Social Enterprises ’ ) that is proactively spreading it to Hungary, Croatia, Germany, Netherlands and the UK. There is now a persuasive case to develop knowledge of the application of the FSM during inter- nationalisation efforts. This not only informs practice in the social economy but also academic thinking on the role that social entrepreneurship can play in forging an alternative corporate landscape.
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Exploring the rationale of enlightened shareholder value in the realm of UK company law – the path dependence perspective

Exploring the rationale of enlightened shareholder value in the realm of UK company law – the path dependence perspective

not say that there are to be no cakes and ale, but that there are to be no cakes and ale except such as are required for the benefit of the company.’ The general doctrine embodied in the judgment is that directors can conduct business for the interests of non-shareholder groups, but only insofar as that will in the end, albeit indirectly, be for the benefit of shareholders. Considering the ESV principle in s 172(1) which states that ‘(directors act) to promote the success of the company for the benefit of its members as a whole, and in doing so must have regard to (other interests)’ it is not difficult to find that the ESV principle does not practically extend the scope of this general doctrine in Hutton : the ultimate goal of directors prescribed by ESV is still the maximisation of benefits to shareholders and directors’ consideration of constituencies’ interests is still regarded as a means to achieve this ultimate objective. The establishment of the ESV approach in the 2006 company law regime certainly could not qualify as rapid progress towards the Continental stakeholder model, as the principle it advocates has already been acknowledged in English common law for more than a century.
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UK company statistics reconciliation project

UK company statistics reconciliation project

employment, the majority share the same company size for these factors. This in itself is not conclusive proof that these factors are a good proxy for one another. The key point is that the diagonals are larger than those around them. 0.4% of the sample is large in both turnover and employment; therefore it is desired that this figure is larger than when turnover is large, while employment is small or medium, or when employment is large and turnover small or medium. In this example the diagonal is larger than each of these other elements individually. It would be beneficial to pursue further analysis upon the diagonals to try and find the optimal size bands where both factors completely agree with one another. To get 100% of observations within the diagonal is possible, but in order to do so, all the companies would have to be classified as small, as the current diagonals clearly show, there are observations where one factor is large and the other is small. What would be possible and beneficial for any future study in this area is to test how the diagonals could get closer to this optimal amount without showing a significant error. The trade off that is created from this situation is that by increasing the scope of one band you will be including more observations that should/could be graded in that band, but you would also be including more observations that should not be in that band.
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Telefónica O2 UK Company Profile

Telefónica O2 UK Company Profile

In a bid to offer better experiences to customers, we entered into an exclusive agreement to market Apple’s iPhone. It’s the first ‘convergence’ product on the UK market – combining phone, camera/video and music player with mobile web browsing, one-click access to the internet, flat rate tariffs, and Wi-Fi access at over 7,500 public hotspots.

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POWERS, RIGHTS & DUTIES OF COMPANY DIRECTORS: THE CASE OF BANGLADESH,CHINA & UK

POWERS, RIGHTS & DUTIES OF COMPANY DIRECTORS: THE CASE OF BANGLADESH,CHINA & UK

This article carries out analysis of the Bangladesh Company Law, Chinese Company Law and UK Compa- ny law’s relating to powers, rights and duties of directors. It provides an overview of the Bangladesh, China and UK Companie’s directors’ power, right and role or duties with company law. It also looks at powers, rights and duties in relation to company’s directors. The article moves on to examine the consequences of the activity of directors in a company. This article contents more sub topics likes powers, rights & duties of directors in China, chairperson of the board, chairing the shareholder’s general meeting, convening and chairing board meeting, examining the management team’s implementation of board resolutions, duties of directors. The powers, rights & duties of directors in UK, the decisions which must be made by a resolution of the members, directors' deci- sions that need members' consent. The powers, rights & duties of directors in Bangladesh, restrictions on power of directors and restriction on Managing Director, If we see the powers, rights and duties of directors in compa- nies that are not same Chinese to other countries. Bangladesh, China and UK company law are provides more information about power, rights and duties of directors, here Uk and Bangladesh company law all most same but Chinese company law is more different from its.
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Identification of Data Structure with Machine Learning: From Fisher to Bayesian networks

Identification of Data Structure with Machine Learning: From Fisher to Bayesian networks

This section applies the FIN pipeline to the customer shopping baskets using the data provided by a large retail UK company. The main difference from the previous work- flow implementati[r]

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Partnering In Growth Strategy

Partnering In Growth Strategy

• SpectraTek is exclusive Sales & Service partner in India for municipal solid waste processing system for Indian Market. Also develops supply chain for UK company[r]

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TAX ATTACK ON UK RESIDENTIAL PROPERTY STRUCTURES. February 2013

TAX ATTACK ON UK RESIDENTIAL PROPERTY STRUCTURES. February 2013

IHT protection CGT protection ARPT protection Confidentiality Limited liability OFFSHORE COMPANY OFFSHORE COMPANY Hassan Non-UK domiciled, non-UK resident Alain Non-UK domiciled, [r]

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DIRECTORS & OFFICERS LIABILITY

DIRECTORS & OFFICERS LIABILITY

The dawning of a new millennium witnessed a new era for company directors and officers with regulatory controls more strict, watch-dogs more alert and litigation more likely. In recent years the media has hit upon many well-known names both on the worldwide stage and here in New Zealand.

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A Comparative Review on Company Specific Determinants for Sustainability Reporting in United Kingdom (UK) and Malaysia

A Comparative Review on Company Specific Determinants for Sustainability Reporting in United Kingdom (UK) and Malaysia

analysis permits two variables to be compared for a monotonic function with no requirement of normality for the variables to be measured. A coefficient is considered significant if the p- value is less than 0.05 (1-tailed). The strength of the monotonic relationship between two variables is measured as either very weak (0.00 to 0.19); weak (0.20 to 0.39); moderate (0.40 to 0.59); strong (0.60 to 0.79); or, very strong (0.80 to 1.0) (Hauke and Kossowski, 2011). Assumption was made that there was evidence of non-linearity for secondary data. For these reasons, hypotheses H1 to H4 were tested using Spearman’s rank correlation coefficient to confirm the association between the total CSR disclosure and the independent variables. Lastly, in substantiating the variation in company-specific characteristics on CSR disclosure levels, the multiple linear regressions (MLR) analysis is applied to identify which predictors or independent variables (IVs) of the company-specific characteristics predict the outcome of the CSR disclosure levels. Accordingly, to determine the multiple effects of the independent variables on the dependent variable, the proposed multiple regression equation is surmised as:
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A guide to employee ownership

A guide to employee ownership

‘We looked at all options, including a management buy-out, selling to overseas investors or selling to the competition,’ says Steve Parfett. ‘However, we did not want to see the company broken up and renamed. Having worked with John Lewis in my younger days, I spoke to them and began to appreciate there was a vibrant employee ownership sector, which sounded the ideal route to take.’ Steve says that the family felt it was more important to sustain the successful organisation built up over 28 years rather than to get ‘top dollar’ for the business: ‘We’re happy to do this to see the name of the business going forward and retaining independence.’
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The impact of taxation and financial factors
on company investment: an examination
using UK panel data

The impact of taxation and financial factors on company investment: an examination using UK panel data

where V is the market value of equity at the beginning of period t, is the (gross) return on comparable assets, m the marginal rate of personal income taxation, z the tax rate on capital[r]

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The structure, regulation, and performance of pension funds in nine industrial countries

The structure, regulation, and performance of pension funds in nine industrial countries

(Commentators suggest that recent portability than is available from company changes in UK regulations could boost liabilities schemes. In some countries, boosting national by[r]

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How To Run King S College Hospital

How To Run King S College Hospital

King’s has developed a nurse education programme with King Fahad Medical City to train Saudi nurses in the UK to attain BSc (Hons) in nursing studies. The course syllabus has been approved and final accreditation and approval to commence delivery of the programme is expected shortly. The programme includes a 3 year bridging/top-up degree for nurses with diplomas and a 4 year degree for unqualified nurses. As part of the programme King’s is able to offer English language training delivered either in Saudi Arabia or the U.K. A key component of the degree is that work placements at U.K teaching hospitals will make up 50 per cent of the degree.
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YOUR BUPA MEMBERSHIP GUIDE FOR PLATINUM PRIVATE MEDICAL COVER PLAN THE ROYAL BANK OF SCOTLAND. Essential information explaining your Bupa cover

YOUR BUPA MEMBERSHIP GUIDE FOR PLATINUM PRIVATE MEDICAL COVER PLAN THE ROYAL BANK OF SCOTLAND. Essential information explaining your Bupa cover

For treatment outside the UK: We do not pay for treatment including medication and procedures, which in our reasonable opinion is experimental or has not been proved to be effective, based on established medical practice, and which has not been approved as appropriate by a recognised body in the country in which you receive the treatment. Exception: We may pay for this type of treatment of a condition. However, you will need our written agreement before the treatment is received and we need full clinical details from your consultant before we can give our decision.

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Doing Business in the UK: A Preliminary Guide for the Entrepreneur

Doing Business in the UK: A Preliminary Guide for the Entrepreneur

Taxable income for both individuals and companies is calculated using similar methods. Once income streams have been identified, those not subject to UK taxation will be set aside before various permissible deductions and allowances are applied to the remaining amounts. The result is taxable income (or, for companies, taxable profits), on which tax is charged. Income tax for individuals is currently charged at rates which rise from 20% to a maximum of 40% (50% for 2010/2011) depending upon the bands of income relevant for the tax year in question.

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‘I don’t go to Meetings’: Understanding Farmer Perspectives on Bovine TB and Biosecurity Training.

‘I don’t go to Meetings’: Understanding Farmer Perspectives on Bovine TB and Biosecurity Training.

In 2016, the veterinary service company, XL Farmcare UK Ltd, was awarded a Defra contract to manage a series of on-farm demonstration workshops to raise biosecurity awareness. The workshops provided free training for cattle farmers in England on the practical measures that they could take to limit the threat of bovine tuberculosis (bTB). Despite communicating these events to farmers, the number who subsequently attended them was low and the company decided to conduct research to explain this. Farmers were interviewed at agricultural shows, their comments analysed and the frequency of words in use were measured to produce a set of common themes. This theme analysis provides an illustrative rather than representative picture of farmer opinions but holds significant explanatory value for understanding the apparent lack of engagement with biosecurity training. Broad- ranging farmer perspectives can be understood through a ‘typology’ of feelings about bTB, particularly expressions of blame, loss, confusion, ignorance, resignation and fear. The cumulative effect of this negativity explains why so many farmers disengaged from training provision; a finding with relevance and value for the way training providers plan future communication methods in relation to biosecurity risk mitigation.
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UK Terms & Conditions Upon acceptance of this Agreement by IT WORKS Corp (hereinafter referred to as "IT WORKS" or "the Company") and in

UK Terms & Conditions Upon acceptance of this Agreement by IT WORKS Corp (hereinafter referred to as "IT WORKS" or "the Company") and in

7. I understand that only Associates in good standing (as such status is determined solely by the Company) may act as sponsors. The Company, in its sole discretion, may accept or reject any Associate application or renewal of the Agreement, without disclosing any reason therefore. If this Associate Agreement or any renewal of the same is not accepted to the extent permitted by law I release the Company and its officers, directors, agents, advisors and employees from any and all liability incurred by me or by any other person and I hereby waive any associated claim(s) that might be asserted in my interest.
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Technology Consulting SOLUTIONS VERSATILE... A Software and Services Technology Consulting Enterprise

Technology Consulting SOLUTIONS VERSATILE... A Software and Services Technology Consulting Enterprise

Emstell being a process oriented company off ers predictability to its customers on its products and services. We emphasize on business models tailored for individual customer so as to bring in better return over the investment and quick market entry with competitive advantage.

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