One task that will certainly not cease to be important during 2019 – along with that of setting up a business in a legally compliant fashion to begin with – is that of optimising your organisation’s cyber security practices. A strong cyber security culture, continually focused on plugging weaknesses, will help to shield your firm against the ever-present risk of attack.
If your organisation is seeking to better manage its crucial meetings, you may be interested to read ICSA’s guidance on the practice of taking minutes. The advice was published on 19th September 2016, following its May 2016 consultation paper on the principal function of meeting minutes.
Late last year, GC100 – the voice of general counsel and company secretaries working in FTSE 100 companies – published guidance for directors in relation to section 172, including stakeholder considerations.
The practical steps outlined are sure to be of interest to many users of business support services like those provided by ourselves here at London Registrars.
It seems that cyber security has been hogging ever-greater headlines in recent times, due to both continued high-profile lapses and regulators paying increasing attention to this arena.
One factor that those looking to register a business in the UK must bear in mind is the EU’s recently introduced strict data protection law, the General Data Protection Regulation (GDPR). Such individuals may therefore take an interest in the news that the UK data protection regulator, the Information Commissioner’s Office (ICO), has issued its first GDPR enforcement notice.
One trend that many users of company compliance services will have noted lately is the rise of distributed ledger technology, otherwise known as blockchain, which was the subject of a recent report by the Financial Reporting Council’s (FRC) Financial Reporting Lab.
In the event of a company becoming insolvent due to its debts and creditors exceeding its assets, it is the statutory duty of the company’s directors to act in the best interests of the company’s creditors as a whole. It must be possible for the directors to demonstrate that they have taken every feasible step within their control to ensure that all creditors have been repaid using the company’s resources.