Whether or not your company presently maintains a PSC register, it may have reason to take an interest in the latest changes to the PSC regime.
The UK Government altered the Companies Act 2006 in April last year, to include a requirement for most companies and LLPs to produce, keep and maintain a register of any people or relevant legal entities with significant control over that company or LLP.
London Registrars was established in 1999 to provide company secretarial and paralegal services to incorporated companies of all types and sizes. We are based in Central London and employ ten people.
Quality is important to our business because we value our clients and strive to provide them with services which meet and even exceed their expectations in line with the ISO 9001 standard. We are committed to continuous improvement and have established a Quality Management System which provides a framework for measuring and improving our performance and the services we offer to clients.
‘Big Data’ is an issue that has increasingly come to the attention of British businesses and regulators, with the UK data protection regulator describing it as “a way of analysing data that typically uses massive datasets, brings together data from different sources and can analyse the data in real time.”
With Europe, the Middle East, India and Africa (EMEIA) all continuing to grapple with huge bribery and corruption problems, many of those considering London Registrars’ board secretary services may be interested to read of a new survey shedding further light on the current scale of corruption.
In the wake of the global banking crisis, governance has taken on increasing importance amid claims that a lack of governance was a key contributor to the crisis. In the years since, regulatory bodies across the world have been anxious to show that good governance is among their highest priorities.
Among the most important factors to consider for companies contemplating board meeting management services are how well-prepared their board is to tackle a crisis scenario, and what exact role the board should play in its resolution. While corporate settings sometimes see dramatic events, these turn into crises when they begin to pose a significant threat to the financial performance, reputation or key shareholder relations of a company.
Companies taking advantage of the meeting management service provided by London Registrars may find the findings of a recent survey by the Chartered Management Institute (CMI) to be of relevance to their own business’s operations.
Many of those who have made use of a corporate secretary provided by London Registrars, are sure to take an interest in the news of Tesco agreeing to pay a £129m fine in relation to overstating its profits in 2014.
When the time comes for your organisation’s annual meeting, as a shareholder, it is likely that you will be asking yourself whether each member of your board is still qualified for their position.
It is certainly a question that should be carefully considered by prospective and current users of board secretary services like those that London Registrars can provide, but it is not the only one that is important.
That’s because it is also vital to think about your firm’s board as a whole, and whether its mix of people is the right one for the company.
All manner of organisations with an interest in a company secretary service will have also had reason to take note of the recent comments on the UK Corporate Governance Code by the Financial Reporting Council (FRC)’s Head of Communications, Peter Timberlake.