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Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
Since the introduction of the Immigration Act 2014, the Conservative government has been open about its willingness to create a “hostile environment” for users of the immigration system, not least anyone who may not have a lawful basis to remain in the UK.
Serious difficulties can arise where a sole shareholder dies who is also the sole director of a company.
The general election is now over, and Parliament has more time to deal with matters other than Brexit. The spotlight has therefore returned to corporate governance, with The Sunday Times reporting that the FRC is developing a “British version of Sarbanes-Oxley”. It reported that this would “heap more responsibility on to directors, asking them to vouch regularly for the integrity of their financial controls and – if passed into law in the UK – opening the possibility of criminal proceedings against chief executives and finance directors for reporting misleading statements to the market.”
The recent practice of regulators – and the potential for future developments – means that company directors need to be increasingly aware of the risks associated with competition law compliance.
It is often quoted that 80% of businesses affected by a major incident, such as fire, close within 18 months and that 90% of businesses that lose data from a major incident are forced to shut within 2 years. These are quite shocking figures and would no doubt encourage many to ensure that their business continuity and resilience plans are robust. However, when it comes to the issue of fire, the role of a director is far greater than just resilience planning and dealing with the impact on the business. Many directors do not realise that they may be liable as the ‘Responsible Person’ under the Regulatory Reform (Fire Safety) Order 2005 (“The Order”) and what this means for them.
Sharon Burkill
Natalie Cohen
Caroline Sheldon
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