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The recent worldwide financial crisis has clearly indicated that there is an urgent need to improve the effectiveness of company boards. This can only be achieved when all board members, together with shareholders, employees and other stakeholders, truly understand their roles and responsibilities. For over 10 years the Institute of Directors (IoD) have been offering […]

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A new website has just gone online which will be of great help to anyone starting up a new business. One of the most common complaints on a whole load of business forums is that of someone who has an established business and finds that someone else has set up another business with the same […]

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The Combined Code on Corporate Governance  * is published by the Financial Reporting Council and applies to all UK incorporated companies (and some foreign companies) listed on the UK Stock Exchange. The most recent (2008) version of the Code combines the Cadbury and Greenbury reports on corporate governance, the Turnbull Report on Internal Control (revised […]

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This Blog is dedicated to offering help and advice to people who run or want to run a business of any kind. In addition to the information contained in the posts we also offer a number of free business guides, usually around 12 pages long, on a wide range of subjects. You can access these via […]

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The Health and Safety (Offences) Act 2008 (the “Act”) came into force on 16 January 2009, increasing penalties for health and safety offences. Principally the Act: raises the maximum fine that can be imposed when a case is brought in a lower court from £5,000 to £20,000; broadens the range of cases that can be […]

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One of the world’s longest running cases was settle out of court 67 years after it started in 1941. The case, known as Re Jahre, concerned a dispute over the recovery of assets alleged to belong to the shipping magnate Anders Jahre. Jahre died aged 90 before the main trial started in 1983. Although the […]

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The implementation of Section 69 of the Companies Act 2006 gives a person who has goodwill in a name a statutory right to make application to the Company Names Adjudicator objecting to the same name, or something so similar as to suggest an association between the company and the applicant, being registered as a company […]

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From 1 October 2008, there is a new right for individuals, partnerships or companies to object to the registration of a new company with the same or similar name as they use for their own business. This new right has been established under the 2006 Companies Act which itself is being introduced in stages over […]

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The Law Society has just published a report entitled Reforming Bribery setting out proposals which it intends should clarify and simplify the existing laws. Anyone in business should be aware that there already are established offences of bribery and corruption on the United Kingdom statutes. International pressure is increasingly being applied to stamp out activities […]

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Google recently reached an agreement with the Authors Guild and the Association of American Publishers (AAP) under which the firm will pay $125 million to resolve outstanding legal actions against it in relation to its Google Book search service, which offers full-text searching facilities to users. The agreement, reached after two years of negotiations, is subject […]

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Must all companies have a secretary? Yes and No. From 6th April 2008 private companies will not need to have a company secretary but public limited companies still will. Furthermore companies registered before 6th April 2008 will have to change their Articles of Association at an Extraordinary General Meeting of the shareholders to remove the […]

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On 2nd July 1890 the US Congress passed the Sherman Antitrust Act. This was the first national legislation to try and deal with price fixing deals between companies, which in theory were competitors, to the detriment of their customers.  The act, named after its author, Senator John Sherman, an Ohio Republican and chairman of the […]

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