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Action against companies who have failed to update their PSC Register

I have written many pieces that have covered the time line of the PSC regime, from when it was introduced in April 2016, up until 26 June 2017 when the scope of the PSC Regime was broadened. Each of these pieces have emphasised the seriousness of a company's failure to maintain and keep its PSC register up-to-date. However, it has been approximately 15 months and we have seen no action...
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Government announces governance reforms designed to increase public trust in business

On 29 August 2017 the Government published its response to the Green Paper consultation on corporate governance reform.  The reforms aim to increase boardroom accountability and enhance the public’s trust in business, a sentiment echoed by Business Secretary Greg Clark who said “…[these] reforms will build on our strong reputation and ensure our largest companies are more transparent and...
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SBEEA: Naming and shaming for late payments Part 3

In my previous post , I outlined that the department for Business, Energy and Industrial Strategy (BEIS) had proposed a complaints scheme, and the appointment of a Small Business Commissioner (SBC) over the scheme. The intention of the scheme was to give a helping hand to suppliers, where there is repeated late payment from their large business customers. According to a recent report from...
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Differences between Model Articles and Jordans’ Articles

The title of this article may be deceiving. Jordans draft a range of bespoke articles daily and it would be impossible (and impossibly boring) to compare each one to the Model Articles. However, I shall try my best to limit that wild goose chase to referring to the Jordans’ standard, our vanilla, very simple and small company type articles that prove quite popular for reasons I hope I will...
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What are the pitfalls of the Model Articles?

Every company is required to have some form of articles of association to act as the ‘official rule book’ of the company; whether the company adopt bespoke articles or the Model Articles.   The Model Articles for a private company limited by shares are contained in Schedule 1 of The Companies (Model Articles) Regulations 2008 SI No. 3229 as amended by the Mental Health...
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Karina James-Wiltshire
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