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Definition of a Director

There is a general statement in the Companies Act which states that the expression “director” includes “any person occupying the position of director, by whatever name called”, which includes a person who is treated by the board as such, despite not having been validly appointed (often referred to as a “de facto” director). The law also recognises the concept of “shadow directors” and many of the statutory provisions which apply to directors also apply to “shadow directors”. Shadow Director A shadow director is defined as “a person in accordance with whose directions or instructions the directors of the company are …Read More

Duty to promote the success of the company

The Companies Act provides that a director must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole. In so doing, the director must have regard (among other matters) to: the likely consequences of any decision in the long term; the interests of the company’s employees; the need to foster the company’s business relationships with suppliers, customers and others; the impact of the company’s operations on the community and the, environment; the desirability of the company maintaining a reputation for high …Read More

Move in the Right Circles.

Having a portfolio career can at times be a lonely existence. Everyone needs support and people around them who understand the pressures and frustrations in their business world. I was looking for that support when I created my consultancy and found that PortfolioExec filled that role with the added value of providing portfolio commissions opportunities. If you have a Portfolio career and want to move in the right circles contact me or PortfolioExec direct and see how this organisation can help you. “PortfolioExec® is a Business Consortium of approved Associates and Corporate Partners providing a framework for opportunity for part-time …Read More

Coaching or Mentoring?

COACHING OR MENTORING? Have you have wondered what is the difference between coaching and mentoring? While definitions do vary, the key difference is that mentoring is designed to be non – directive. Mentoring takes a broad view of the individual and, while there is a focus, mentoring takes a much wider approach to a person’s goals and ambitions. The mentor may offer coaching and training from time to time, but may also encourage the use of specialist support in these areas. Coaching is more directive and normally has a specific and tightly focused goal which is more skills and performance …Read More

New Statutory Payments 2014/15

The Department for Work and Pensions has announced the proposed new rates for Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP) and Statutory Adoption Pay (SAP) for tax year 2014/15. The proposed revised rates are as follows: The standard weekly rate of SMP and the weekly rates of SPP and SAP will increase from £136.78 to £138.18 – it is assumed this will be for payment weeks commencing on or after Sunday, 6 April 2014. The prescribed weekly rate of Maternity Allowance will also increase from £136.78 to £138.18. The weekly rate of SSP will increase …Read More

Growth Vouchers-No Brainer?

The Government has this month (January 2014) launched a £30m ‘Growth Vouchers’ programme to help small British businesses grow. The Enterprise Nation Marketplace is the only place to find Growth Voucher advisers – and it’s open for business now. The great news is that John Barnes of BarnesCDir Ltd is a registered advisor for Leadership and Management Training. The programme will offer advice and guidance to businesses taking part and see subsidies of up to £2,000 offered to many to spend with advisers on the new Enterprise Nation Marketplace. It’s expected to help 20,000 of the smallest British businesses over …Read More

Questions for Family Business

QUESTIONS TO ASK IN YOUR FAMILY BUSINESS 1. What are the most common problems with family businesses? 2. How can we minimise the risk of disputes over the running of the business? 3. What can I do if family members who work for the business don’t get on well together? 4. What can be done if a family shareholder is using their shares as a weapon in a family feud? 5. Can we stop a family shareholder giving shares to the ‘black sheep’ of the family? 6. What sort of issues should we cover in a shareholders’ agreement for a …Read More

Measuring Performance

Driving & leading your business  You would not consider driving a car without a simple dashboard of gauges to alert you to potential engine or other problems with your vehicle. So why drive your business without a similar dashboard? Use some Key Performance Indicators (KPI’s) to monitor your business success. KPIs are quantifiable measurements of business performance commonly used to evaluate activities that reflect the critical factors of business success.  You will find that ultimately there will only be a few KPI’s that will drive the core critical elements of your business. If you don’t regularly monitor your business you …Read More

Hire People Better Than You

HIRE PEOPLE BETTER THAN YOU    Sooner or later, all businesses hit that wall.  For business owners it is a tough but salutary experience to realise that the main obstacle to growing their business is, in fact, themselves. It takes real bravery, passion and great ideas to start a business, then to pull it up by its bootstraps.  However, once the model is proven, the enterprise takes on a different aspect and turning that great idea into a thriving and growing business can become a huge task. Focus The focus in such businesses is normally on doing the same thing over …Read More

Avoid Email Addiction

Do you have an addiction to being connected to your e mails, and to the illusion of being busy dealing with them at the expense of other more important stuff? Don’t let it take over your working day Your inbox is packed full of potentially “exciting information” to distract you.  But checking too often can become a daily disease.  Turn off the sounds and graphics so that you only visit your inbox when you’re ready to, not every time something new comes in. Your inbox is not your to-do list Your inbox is nothing more than a holding pen for …Read More