Alison Vine, Director at Deloitte, gives practical and concise update on all the latest tax and NIC developments, topical tax issues, planning you will need to be aware of, and the impact of these changes on your clients and your business.
Peter Swabey, ICSA Policy and Research Director, gave an insight into what’s coming up on the legal and regulatory horizon, providing a stimulating and concise way to plan for what’s ahead, exchange ideas on best practice and network with peers and colleagues.
Presented by Adrian Sarchet, Senior Associate at Carey Olsen, and Alan Bougourd, Registrar of the Guernsey Registry, attendees learnt about the effect of the new amendments to the Guernsey Company Law 2008 (the Companies Law).
Mariana Enevoldsen, Director, Heritage International Fund Managers Limited, discusses the structures available and the regulatory requirements applicable in Guernsey to Funds and Licensees.
Substance as an important element of tax planning and global trends in exchange of information.
CONTENT
-Information exchange: general facts.
-AEOI: brief chronology.
-AEOI: general ideas.
-AEOI: scheme.
-AEOI: specifics.
-Practical example: Cyprus.
-What is “substance” and where does it come from?
-Today`s substance requirements.
-Actions and measures, indicating “substance”.
-Issues to be considered during the obtainment of Cyprus tax residency certificate.
-Questions asked by tax authorities investigating into substance over form.
Eversheds CREATE Workshop #1: Real estate holding structuresEversheds Sutherland
Corporate Real Estate Academy Training at Eversheds (CREATE) is a series of workshops designed to further your knowledge of indirect real estate and corporatised real estate transactions.
CREATE Workshop #1: Real Estate Holding Structures explored:
• typical structures used for holding real estate and real estate joint ventures
• why each structure is used and by whom
• trends and how the status quo is changing
Alison Vine, Director at Deloitte, gives practical and concise update on all the latest tax and NIC developments, topical tax issues, planning you will need to be aware of, and the impact of these changes on your clients and your business.
Peter Swabey, ICSA Policy and Research Director, gave an insight into what’s coming up on the legal and regulatory horizon, providing a stimulating and concise way to plan for what’s ahead, exchange ideas on best practice and network with peers and colleagues.
Presented by Adrian Sarchet, Senior Associate at Carey Olsen, and Alan Bougourd, Registrar of the Guernsey Registry, attendees learnt about the effect of the new amendments to the Guernsey Company Law 2008 (the Companies Law).
Mariana Enevoldsen, Director, Heritage International Fund Managers Limited, discusses the structures available and the regulatory requirements applicable in Guernsey to Funds and Licensees.
Substance as an important element of tax planning and global trends in exchange of information.
CONTENT
-Information exchange: general facts.
-AEOI: brief chronology.
-AEOI: general ideas.
-AEOI: scheme.
-AEOI: specifics.
-Practical example: Cyprus.
-What is “substance” and where does it come from?
-Today`s substance requirements.
-Actions and measures, indicating “substance”.
-Issues to be considered during the obtainment of Cyprus tax residency certificate.
-Questions asked by tax authorities investigating into substance over form.
Eversheds CREATE Workshop #1: Real estate holding structuresEversheds Sutherland
Corporate Real Estate Academy Training at Eversheds (CREATE) is a series of workshops designed to further your knowledge of indirect real estate and corporatised real estate transactions.
CREATE Workshop #1: Real Estate Holding Structures explored:
• typical structures used for holding real estate and real estate joint ventures
• why each structure is used and by whom
• trends and how the status quo is changing
Future of treaty formed holding companies and preferential Harm J. Oortwijn
Past present and future developments in holding and preferential tax regimes - what once was appropriate is now perceived inappropriate... and the perception continues to evolve!
International Tax For SMEs September 2011 Abbreviatedsarogers99
These slides were used in a presentation given to attendees at a recent UKTI / Natwest / Francis Clark LLP seminar in Salisbury - How to Open Up New Markets Overseas.
Opportunities and challenges of managing a globally mobile workforceEversheds Sutherland
Exploring the challenges and opportunities of managing a globally mobile workforce as well as guidance on dealing with complex legal requirements and cultural backgrounds.
With the onset of higher personal tax rates, more complex rules on the tax deductibility of interest and an election round the corner, now is the time to be thinking about structuring your tax affairs.
BDO ran a seminar for private equity executives that demonstrated:
- How to structure your fund
- How to plan during the life of your fund
- Latest techniques for structuring transactions
- Minimising VAT leakage
Find out more in the slides of the presentation.
Join this webinar to hear the latest developments, including how businesses are addressing their human rights impacts and are reporting progress, for example, in accordance the Modern Slavery Act and UN Guiding Principles on business and human rights. We will also share the results of our comprehensive survey of General Counsels. The survey addresses their involvement in human rights risks and management, as well as providing practical insight into their challenges and priorities.
Residence Permit in Lithuania. LTIP.EU is a Consultancy Company focus in finding the best solutions for businessmen and investors for legal process and establishment the business in lithuania.
Francis Clark is pleased to invite you to our fourth annual innovation and technology conference which is taking place at the Exeter University Innovation Centre.
The morning will bring together a number of topical issues to those involved in innovation and technology, from start-ups to multi-million pound turnover businesses. There will also be an opportunity to hear more about the Innovation Centre itself, and during the morning we will be offering a tour around the 'Centre for Additive Layer Manufacturing' on the University campus.
Over the last couple of years, EU State Aid rules have been increasingly invoked to overturn tax rulings given by tax authorities to businesses operating in the EU. Although it is the actions of Member States that have been challenged, it is the affected businesses that have paid the cost in the form of multi-million Euro tax bills.
In the current tax climate, it is anticipated that the European Commission will look to apply the State Aid rules more widely. Having a good understanding of the issues and risks is, therefore, essential for business, in terms of both tax and of ther corporate arrangements.
Eversheds recently held a State Aid and Tax discussion which was lead by our tax experts Totis Kotsonis, Ben jones and Giles Salmond who were joined by barrister Kelly Stricklin-Coutinho from 39 Essex Chambers and a representative from HM Treasury who together discussed the implications of State Aid tax challenges for businesses operating in the EU and what might be coming next.
Areas that we covered included:
- an overview of how State Aid operates and its application to -tax
- what tax areas may be at risk of State Aid challenge
- what are the potential costs of a State Aid challenge and how could these costs be mitigated?
- how can businesses operating in the EU assess their risk of challenge and prepare for any such challenge?
- what is the reaction of the UK Government to such challenges and is the UK itself at risk of challenge?
10 THINGS TO CONSIDER WHEN SETTING UP IN THE UKBen Robson
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact ben.robson@ocsolicitors.com, or 020 7067 4300.
Dubai Conference - Legal and Regulatory UpdateBishr Shiblaq
This seminar gave an update on the Luxembourg UCITS framework, addressed the Alternative Investment Fund Managers Directive (AIFMD), provided an update on the tax-treaty network with a particular focus on Turkey and India as well as present practical cases of recent Shari’ah-compliant transactions and updates on the existing legal framework.
Three Requirements for an Effective Cost Management System3C Software
Why is cost management important? It provides visibility so that business leaders can draw insights and predict future outcomes. Explore concepts like the value of a complete view of costs, why it's important to maintain multiple cost sets and how system integration plays a role.
Future of treaty formed holding companies and preferential Harm J. Oortwijn
Past present and future developments in holding and preferential tax regimes - what once was appropriate is now perceived inappropriate... and the perception continues to evolve!
International Tax For SMEs September 2011 Abbreviatedsarogers99
These slides were used in a presentation given to attendees at a recent UKTI / Natwest / Francis Clark LLP seminar in Salisbury - How to Open Up New Markets Overseas.
Opportunities and challenges of managing a globally mobile workforceEversheds Sutherland
Exploring the challenges and opportunities of managing a globally mobile workforce as well as guidance on dealing with complex legal requirements and cultural backgrounds.
With the onset of higher personal tax rates, more complex rules on the tax deductibility of interest and an election round the corner, now is the time to be thinking about structuring your tax affairs.
BDO ran a seminar for private equity executives that demonstrated:
- How to structure your fund
- How to plan during the life of your fund
- Latest techniques for structuring transactions
- Minimising VAT leakage
Find out more in the slides of the presentation.
Join this webinar to hear the latest developments, including how businesses are addressing their human rights impacts and are reporting progress, for example, in accordance the Modern Slavery Act and UN Guiding Principles on business and human rights. We will also share the results of our comprehensive survey of General Counsels. The survey addresses their involvement in human rights risks and management, as well as providing practical insight into their challenges and priorities.
Residence Permit in Lithuania. LTIP.EU is a Consultancy Company focus in finding the best solutions for businessmen and investors for legal process and establishment the business in lithuania.
Francis Clark is pleased to invite you to our fourth annual innovation and technology conference which is taking place at the Exeter University Innovation Centre.
The morning will bring together a number of topical issues to those involved in innovation and technology, from start-ups to multi-million pound turnover businesses. There will also be an opportunity to hear more about the Innovation Centre itself, and during the morning we will be offering a tour around the 'Centre for Additive Layer Manufacturing' on the University campus.
Over the last couple of years, EU State Aid rules have been increasingly invoked to overturn tax rulings given by tax authorities to businesses operating in the EU. Although it is the actions of Member States that have been challenged, it is the affected businesses that have paid the cost in the form of multi-million Euro tax bills.
In the current tax climate, it is anticipated that the European Commission will look to apply the State Aid rules more widely. Having a good understanding of the issues and risks is, therefore, essential for business, in terms of both tax and of ther corporate arrangements.
Eversheds recently held a State Aid and Tax discussion which was lead by our tax experts Totis Kotsonis, Ben jones and Giles Salmond who were joined by barrister Kelly Stricklin-Coutinho from 39 Essex Chambers and a representative from HM Treasury who together discussed the implications of State Aid tax challenges for businesses operating in the EU and what might be coming next.
Areas that we covered included:
- an overview of how State Aid operates and its application to -tax
- what tax areas may be at risk of State Aid challenge
- what are the potential costs of a State Aid challenge and how could these costs be mitigated?
- how can businesses operating in the EU assess their risk of challenge and prepare for any such challenge?
- what is the reaction of the UK Government to such challenges and is the UK itself at risk of challenge?
10 THINGS TO CONSIDER WHEN SETTING UP IN THE UKBen Robson
Thinking of setting up in the UK but unsure on the things to consider? Our quick guide narrows it down to 10 easy steps!
For further information and advice, please contact ben.robson@ocsolicitors.com, or 020 7067 4300.
Dubai Conference - Legal and Regulatory UpdateBishr Shiblaq
This seminar gave an update on the Luxembourg UCITS framework, addressed the Alternative Investment Fund Managers Directive (AIFMD), provided an update on the tax-treaty network with a particular focus on Turkey and India as well as present practical cases of recent Shari’ah-compliant transactions and updates on the existing legal framework.
Three Requirements for an Effective Cost Management System3C Software
Why is cost management important? It provides visibility so that business leaders can draw insights and predict future outcomes. Explore concepts like the value of a complete view of costs, why it's important to maintain multiple cost sets and how system integration plays a role.
Keller Graduate School of Management class - PM600 - this was the final presentation - created and presented by Scott Lang & Rajeshwer Subramanian
We were a 2 man team working over the length of the course creating and developing this project.
Hoping to show presentation skills and the understanding of the principles of project management
This presentation is intended to assist CIO's with setting up a formal IT Governance model for their college or university. There are two companion files also in Slideshare linked at the end of an IT Governance Committee Charter and an IT Project Governance Guideline.
Our annual series of Charity Seminars held across the region, provide an overview of the most important developments in financial matters affecting the charitable sector.
Alongside our usual financial reporting, VAT and investment sessions, we have invited Business Recovery Partner, Lucinda Coleman, to examine the risks and responsibilities of a charity becoming insolvent and how those risks can be minimised.
We have also invited a specialist fundraising expert to discuss topical issues around the subject and James Evans, Partner at Tozers LLP, will be providing the legal update to include the upcoming changes to data protection rules.
Our annual series of Charity Seminars provide an overview of the most important developments in financial reporting and taxation issues affecting the charitable sector. As the charitable sector has been rocked by a series of scandals recently, we will also look at issues surrounding 'good governance', trustee responsibilities and reputational risk. There will also be an analysis of the legal issues around legacies and probate claims, consideration of investment returns and a presentation on cyber fraud and the risks it presents to charities.
Our annual series of Charity Seminars provide an overview of the most important developments in financial reporting and taxation issues affecting the charitable sector. As the charitable sector has been rocked by a series of scandals recently, we will also look at issues surrounding 'good governance', trustee responsibilities and reputational risk. There will also be an analysis of the legal issues around legacies and probate claims, consideration of investment returns and a presentation on cyber fraud and the risks it presents to charities.
Our annual series of Charity Seminars held across the region, provide an overview of the most important developments in financial matters affecting the charitable sector.
Alongside our usual financial reporting, VAT and investment sessions, we have invited Business Recovery Partner, Lucinda Coleman, to examine the risks and responsibilities of a charity becoming insolvent and how those risks can be minimised.
We have also invited a specialist fundraising expert to discuss topical issues around the subject and James Evans, Partner at Tozers LLP, will be providing the legal update to include the upcoming changes to data protection rules.
Our annual series of Charity Seminars held across the region, provide an overview of the most important developments in financial matters affecting the charitable sector.
Alongside our usual financial reporting, VAT and investment sessions, we have invited Business Recovery Partner, Lucinda Coleman, to examine the risks and responsibilities of a charity becoming insolvent and how those risks can be minimised.
We have also invited a specialist fundraising expert to discuss topical issues around the subject and James Evans, Partner at Tozers LLP, will be providing the legal update to include the upcoming changes to data protection rules.
Exeter - Essential 6-monthly Finance Directors' Update - June 2016PKF Francis Clark
Our six-monthly Finance Seminars provide an overview of the most important technical developments in financial reporting and taxation. The seminars address the key topical financial matters, the opportunities they present, how they affect your business and the pitfalls you can avoid.
Our seminars aim to provide the essential elements of technical CPD for a finance director.
Our annual series of Charity Seminars provide an overview of the most important developments in financial reporting and taxation issues affecting the charitable sector. As the charitable sector has been rocked by a series of scandals recently, we will also look at issues surrounding 'good governance', trustee responsibilities and reputational risk. There will also be an analysis of the legal issues around legacies and probate claims, consideration of investment returns and a presentation on cyber fraud and the risks it presents to charities.
1- As we have all heard and learned about how the ACA (Affordable .docxmonicafrancis71118
1- As we have all heard and learned about how the ACA (Affordable Care Act) has changed the way that health care is both financed and delivered. It continues to change the landscape not only of the health care industry but the overall US economy. Discuss one ACA provision and describe how it will impact healthcare finance.
After answering the discussion question in detail, please respond to at least two of your classmates.
Student 1:
The Affordable Care Act established the National Prevention, Health Promotion, and Public Health Council. The goal for this provision is to support preventive health care. There are seven areas that the National Prevention Strategy focuses on: tobacco-free living, preventing drug use and excessive alcohol abuse, healthy eating, active living, injury and violence-free living, reproductive and sexual health, and mental and emotional health. This provision has saved and will continue to save money on treatments (chemotherapy/radiation, rehabilitation, etc.) that could have been prevented if these people were living a healthy lifestyle. Making people aware of what they are putting into their body/doing to their body will educate them on what could happen to them if they continue to live the lifestyle they are living. Preventive care helps lower health care costs by preventing diseases before they require emergency room care.
Student 2:
The Patient Protection and Affordable Care Act, adopted in 2010, has the primary focus of helping all Americans obtain health insurance. This implementation initially increases the health care spending for the government, with the hopes that in the future it will decrease the overall spending on health care. One provision that came about with the ACA is the transition from fee-for-service payment to the bundled payment.
With the previous fee-for-service payment model, physicians and health care organizations would bill the consumer for each specific operation, procedure or visit using DRG and CPT codes. These codes gave a specific amount for each individual procedure, increasing the cost on the consumer and the health insurance companies. This model is thought to have been increasing the over all spending, with no solution. The ACA provision is helping transition to a bundled-payment method, which gives a set price physicians are reimbursed for each operation, procedure, visit, etc. If the physician spends more on a specific procedure than the reimbursement, the physician and health care organization eat that cost, not profiting.
This bundled payment model aims to decrease the health care governmental spending, while also increasing the quality of care for the consumer.
Assignment – CLWM4100 Taxation Law – Trimester 2 2018
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CLWM4100 Assignment Assessment 3
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Subject Code: CLWM4100
Subject Name: Taxation Law
Assessment Title: Individual case study assignment
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Our annual series of Charity Seminars held across the region, provide an overview of the most important developments in financial matters affecting the charitable sector.
Alongside our usual financial reporting, VAT and investment sessions, we have invited Business Recovery Partner, Lucinda Coleman, to examine the risks and responsibilities of a charity becoming insolvent and how those risks can be minimised.
We have also invited a specialist fundraising expert to discuss topical issues around the subject and James Evans, Partner at Tozers LLP, will be providing the legal update to include the upcoming changes to data protection rules.
PKF Francis Clark is hosting a seminar which brings together providers of business funding, including both debt and equity; business support agencies including grant specialists; our own corporate finance experts and business owners themselves to provide short, sharp presentations in order to assist business owners and managers in assessing which funding stream is right for them.
Designed to benefit financial controllers and directors working in commerce, providing an ideal opportunity to update your knowledge on a wide range of subjects.
Our annual series of Charity Seminars provide an overview of the most important developments in financial reporting and taxation issues affecting the charitable sector. As the charitable sector has been rocked by a series of scandals recently, we will also look at issues surrounding 'good governance', trustee responsibilities and reputational risk. There will also be an analysis of the legal issues around legacies and probate claims, consideration of investment returns and a presentation on cyber fraud and the risks it presents to charities.
Bournemouth - Essential 6-monthly Finance Directors' Update - June 2016PKF Francis Clark
Our six-monthly Finance Seminars provide an overview of the most important technical developments in financial reporting and taxation. The seminars address the key topical financial matters, the opportunities they present, how they affect your business and the pitfalls you can avoid.
Our seminars aim to provide the essential elements of technical CPD for a finance director.
Similar to Guernsey Branch Corporate Governance CPD Event (20)
This presentation, created by Syed Faiz ul Hassan, explores the profound influence of media on public perception and behavior. It delves into the evolution of media from oral traditions to modern digital and social media platforms. Key topics include the role of media in information propagation, socialization, crisis awareness, globalization, and education. The presentation also examines media influence through agenda setting, propaganda, and manipulative techniques used by advertisers and marketers. Furthermore, it highlights the impact of surveillance enabled by media technologies on personal behavior and preferences. Through this comprehensive overview, the presentation aims to shed light on how media shapes collective consciousness and public opinion.
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...Orkestra
UIIN Conference, Madrid, 27-29 May 2024
James Wilson, Orkestra and Deusto Business School
Emily Wise, Lund University
Madeline Smith, The Glasgow School of Art
Have you ever wondered how search works while visiting an e-commerce site, internal website, or searching through other types of online resources? Look no further than this informative session on the ways that taxonomies help end-users navigate the internet! Hear from taxonomists and other information professionals who have first-hand experience creating and working with taxonomies that aid in navigation, search, and discovery across a range of disciplines.
0x01 - Newton's Third Law: Static vs. Dynamic AbusersOWASP Beja
f you offer a service on the web, odds are that someone will abuse it. Be it an API, a SaaS, a PaaS, or even a static website, someone somewhere will try to figure out a way to use it to their own needs. In this talk we'll compare measures that are effective against static attackers and how to battle a dynamic attacker who adapts to your counter-measures.
About the Speaker
===============
Diogo Sousa, Engineering Manager @ Canonical
An opinionated individual with an interest in cryptography and its intersection with secure software development.
Acorn Recovery: Restore IT infra within minutesIP ServerOne
Introducing Acorn Recovery as a Service, a simple, fast, and secure managed disaster recovery (DRaaS) by IP ServerOne. A DR solution that helps restore your IT infra within minutes.
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
2. What is good governance?
1. Clear, consistent strategy
2. Clarity of business purpose
3. Board articulated values
4. Clear and appropriate communication
5. Robust processes and controls
6. Good open relationships with stakeholders
7. Board has balance of skills and experience
8. Sufficient independent directors
9. Transparent appointments process
3. What is good governance?
10.Clear distinction between roles of chairman & CEO
11.Good succession planning
12.Clear delegations of authority
4. Complying with
governance provisions
How much attention should be given to this?
Proportionate approach
Governance measures embedded on a ‘business as usual’ basis
Factor into the annual cycle
Look at governance policies/views of major stakeholders
Engage early if planning to depart from published governance policies or the Code
5. Complying with governance provisions
Box ticking’ - a missed opportunity
One can tick all the boxes and miss something crucial
Not being able to tick all the boxes is not necessarily a sign of poor governance
Essential to think through what is right for your organisation
6. Governance essentials
Clear board and committee structure and terms of reference and delegations of authority –
right number of meetings
Clear and embedded process and controls
A committed, skilled, ‘challenging’ board
Keeping up to date – high quality MI
Transparent and open relationships with stakeholders
7. Tesco
The problem:
• £263m accounting misstatement in accounts in 2014 due to disputed supplier agreements
• Lost £2bn in stock market value in September 2014 then further £1bn in October 2014
The penalties:
• Eight executives suspended and Chairman resigned.
• Former UK Finance Director, UK Managing Director and Food Commercial Director
charged with fraud and false accounting in a case brought by the Serious Fraud Office.
Pleaded not guilty and trial confirmed for September 2017.
8. Tesco
• FRC investigation into a member firm and members – PwC and members of the
accountancy profession involved in the preparation, approval and audit of Tesco’s
accounts for the financial years 2012, 2013 and 2014 – is ongoing. Only confirmed so
far that the investigation into former Chief Financial Officer has been closed as there
was no realistic prospect that a Tribunal would make an adverse finding in relation to
his behaviour.
• FCA also investigating and has the power to prosecute companies and individuals if
they have provided misleading information to investors
• A shareholder activist group is bringing legal claim that Tesco made misleading
statements to the stock market which investors relied on when making investment
decisions and seeking compensation for losses.
9. Volkswagen (aka Hoaxwagen)
The problem:
• Admitted cheating emissions tests using a ‘defeat device’ in diesel engines that could
detect when they were being tested and was fitted in about 11m cars worldwide.
• Between September and October 2015, preference shares lost 45% of their value.
The penalties:
• Recalling millions of cars, had to set aside €18.2bn to cover costs and posted its first
quarterly loss for 15 years of €2.5bn in late October 2015.
• Agreed a $14.7bn civil settlement in the US, which involves either buying back or
repairing cars and compensation and compensation for customers
10. Volkswagen (aka Hoaxwagen)
• Settlement with Department of Justice – VW pleaded guilty to three felonies &
paying criminal fine of $2.8bn & $1.5bn to settle EPA & US Customs civil claims.
• German prosecutors are investigating the chairman, who was the CFO when
scandal broke in September 2015, an unnamed other member of the board, and
the former CEO.
• EU Commission is taking legal action against seven nations, including UK and
Germany, for failing to take action against VW for cheating emissions tests.
• A claim for €8.2bn in damages has been launched by 1,400 German investors.
• Legal action has been launched against VW. Asset manager Blackrock in Australia
and a group of institutional shareholders are suing for €2bn due to the fall in the
share price.
11. Wells Fargo
The problem:
• Revealed in September 2016 that it had fired 5,300 employees, roughly 1% of its
workforce, for signing customers up for checking accounts and credit cards without their
knowledge. 2m sham accounts opened from 2011 onwards, due to pressure to meet daily
account quotas. The bank then charged customers at least $1.5m in fees for these
accounts.
The penalties:
• $185m in fines by the Consumer Financial Protection Bureau in the US and $5m to
customers.
• Facing a $2bn lawsuit.
12. Wells Fargo
• Probed by the FBI and federal prosecutors in New York and California, which could lead to
criminal charges.
• CEO resigned and forfeited $41m in bonuses.
• Head of Retail Operations forfeited $19m of bonuses and left without a payoff.
13. TalkTalk
The problem:
• Failure to prevent a cyber attack in 2015 in which 150,000 customers had their details
stolen, including bank account numbers, birth dates and addresses.
The penalties:
• Record fine of £400,000 by Information Commissioner’s Officer
14. BHS
The problem:
• Went into administration in April 2016 having been sold for £1 in 2015 with a
pension fund deficit of over £570m.
The penalties:
• Investigated by the Work and Pensions Committee and the Business, Innovation
and Skills Committee.
• Pensions Regulator seeking £350m from Sir Philip Green and Dominic Chappell,
the former owners, to cover the deficit.
• MPs have suggested a fine from the Pensions Regulator for Sir Philip Green,
which could be as high as £1bn, and that he should be stripped of his
knighthood.
15. Benefits of good governance
1. Saving time and money
2. Better risk management
3. Lower cost of capital
4. Enhanced reputation
5. Better stakeholder relations
6. More investor support when ‘non-compliant’ or when problems arise
16. The value of governance
1. Good governance should help support corporate value by enhancing reputation,
reducing losses and inefficiencies, saving board time and improving the
decision-making process
2. Why do it otherwise?