Transactions with directors
By Robert Pook
The requirement for directors to declare their interests in any transactions between them and the company is well known.
Having made the declaration, the board can make its decision on whether the company should enter into the transaction, armed with the knowledge that the director is interested in, and may benefit in some way from, the transaction.
However, where the transaction involves the acquisition of any assets by the company from that director, or vice versa, the company may also need to ensure that it has complied with the ‘substantial property transaction’ procedures set out in the Companies Act 2006…
Click on the link below to read the rest of the Shoosmiths briefing.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
The debate over tattoos in the workplace has raged on, with the most recent case being of a tattooed teaching assistant.
Justice secretary Chris Grayling has outlined government proposals to quadruple the current six-month sentence for people found guilty of internet trolling.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…