Lavery Governance Consulting’s Post

Calling all listed company secretaries and directors – do you know the full name of the DTR’s?   Simples, as the meerkat would say, Disclosure and Transparency Rules. Wrong.   On 3 July 2016, with the implementation of the Market Abuse Directive, the full name of the DTR sourcebook changed to “Disclosure Guidance and Transparency Rules”.   Despite this name change occurring eight years ago, many companies still use the erroneous wording Disclosure and Transparency Rules in their announcements. In a review of over 300 Total Voting Rights announcements released yesterday, 79 companies stated the incorrect name at least once in their announcement.   Some may say this is a minor point, ultimately everyone knows which part of the FCA handbook is being referenced. That may be the case, however impressions count and it gives rise to an awkward question. If a name change that occurred over eight years ago has not been picked up, what else has been missed?   Company secretaries – check all of your announcement templates, terms of reference, along with the annual and half yearly accounts to ensure the correct name for the DTR’s is used.   Directors – when given announcements or documents to review that refer to the DTR’s, check the correct name is quoted. #dtr #governance

Good morning connections, Section 48 of the Companies Act, 2013 is provided for Variations in voting rights. Where a share capital of the company is divided into different classes of shares, the rights attached to the shares of any class may be varied with the consent in writing of the holders of not less than three-fourths of the issued shares of that class or by means of a special resolution passed at a separate meeting of the holders of the issued shares of that class,- (a) if provision with respect to such variation is contained in the memorandum or articles of the company; or (b) in the absence of any such provision in the memorandum or articles, if such variation is not prohibited by the terms of issue of the shares of that class. The company shall, within thirty days of the date of the order of the Tribunal, file a copy thereof with the Registrar. Have a good learning... #icsi #csexecutive #csprofessional #cseet #companylaw #complianceofficer #companysecretaries #csexam

What Is the Disqualified Directors Register? 📋 Company directors must follow rules and meet obligations like filing accounts, paying taxes, and keeping records. Failure to comply can lead to fines, prosecution, or being banned as a director. 🚫 The Disqualified Directors Register lists those who are disqualified. 👇 #BusinessCompliance #CorporateLaw #DisqualifiedDirectors

What Does IRS Audit Representation Cost Question: “What should a person expect to pay for Audit Representation?” Answer: There is no hard rule for the cost of representation. Look for these few things that affect the legal costs for audit representation: https://lnkd.in/exQEnRDq #IRSaudit #TaxProblems #IRSHelp #taxlawoffices #taxresolution

Is your business prepared for the latest ruling on the Corporate Transparency Act? In our latest LEGALcurrents, our Corporate team weighs in on the nationwide injunction against the Corporate Transparency Act. This crucial update affects the January 1, 2025, filing deadline for millions of reporting companies. Learn more: https://lnkd.in/eGU7ham3 #cta #corporate #business

🚨 Big News: Corporate Transparency Act Blocked Nationwide! 🚨 A Texas federal court has halted the Corporate Transparency Act (CTA), just weeks before its reporting deadline. Watch this video to learn more about its implications for small businesses. https://lnkd.in/e4xfcSbm

🚨 Big News: Corporate Transparency Act Blocked Nationwide! 🚨 A Texas federal court has halted the Corporate Transparency Act (CTA), just weeks before its reporting deadline. Watch this video to learn more about its implications for small businesses. https://lnkd.in/eHc2DsKn

Why would employees not have voting rights on matters of corporate policy? Shareholders have the right to vote on corporate actions, often at the company's annual shareholder meeting. These decisions can include: - The makeup of the board of directors - Issuing new securities - Initiating corporate actions like mergers or acquisitions - Approving dividends - Substantial changes in the corporation's strategies, operations or policies (investopedia) What most people might not realise is that shareholder voting rights were modeled, as much of corporation law, on the analogous right by citizens of municipal corporations and the State. Indeed, "One shareholder, one vote" was the original rule at the East India Company in the late 17th century, before possessive individualism rewrote the agenda. It is obvious that employees and other stakeholders have equal interest and often bear greater risks than shareholders in governing the direction of their company. Hence, based on the principle of republican freedom (see: Philip Pettit) it seems to me that it is a question of constitutional legitimacy to insist on at least contestatory rights of corporate citizenry. Anything else would expose them to arbitrary domination from special groups not necessarily operating in their best interest. If such a move is inconsistent with legal statutes, why not arrange pre-hearings with the Organisational populace and engage in preliminary deliberation and decision-making "by objection" (see: sociocracy) prior to formal shareholder assemblies? It seems to me that it is about time to protect genuine freedom of employees in corporations, rather than allowing their systemic domination by mostly anonymous financial investors who have often little interest in the organisation as a going concern. #leadership #transformation #business #corporategovernance

A new law preventing employers from making deductions from the tips comes into force on 1 October. With October just around the corner, we shed some light on the updated tipping Code of Practice and comment on key trends and potential impact. https://ow.ly/Se3a50Txy8O #EmploymentLaw #Tips #CodeofPractice

Is your business prepared for the latest ruling on the Corporate Transparency Act? In our latest LEGALcurrents, our Corporate team weighs in on the nationwide injunction against the Corporate Transparency Act. This crucial update affects the January 1, 2025, filing deadline for millions of reporting companies. Learn more: https://lnkd.in/eZHBwswt #cta #corporate #business