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Feb
13
Tue
2018
9:00 am How to become a Non-Executive Di... @ Institute of Directors
How to become a Non-Executive Di... @ Institute of Directors
Feb 13 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – London 13 February 2018 @ Institute of Directors
Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course. ‘A well structured and presented introduction to the responsibilities, challenges and attributes required of being a[...]
Mar
13
Tue
2018
9:00 am The Effective Non-Executive Dire... @ Institute of Directors
The Effective Non-Executive Dire... @ Institute of Directors
Mar 13 @ 9:00 am – 4:30 pm
The Effective Non-Executive Director – London 13 March 2018 @ Institute of Directors
The effective Non-Executive Director course helps you to be an effective non-executive director. It instils a real sense of what is expected of NEDs, and how you can meet the challenge. This one-day interactive course is aimed[...]
Apr
24
Tue
2018
9:00 am How to become a Non-Executive Di... @ Orchard Street Business Centre
How to become a Non-Executive Di... @ Orchard Street Business Centre
Apr 24 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – Bristol 24 April 2018 @ Orchard Street Business Centre
Are you thinking of becoming a Non-Executive Director as part of a Portfolio Career or to develop your boardroom skills prior to taking up an executive director role? Join us on Tuesday, April 24 2018 to[...]
May
22
Tue
2018
9:00 am How to become a Non-Executive Di... @ Institute of Directors
How to become a Non-Executive Di... @ Institute of Directors
May 22 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – London 22 May 2018 @ Institute of Directors
Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course. ‘A well structured and presented introduction to the responsibilities, challenges and attributes required of being a[...]
Jun
12
Tue
2018
9:00 am The Effective Non-Executive Dire... @ The Plaza
The Effective Non-Executive Dire... @ The Plaza
Jun 12 @ 9:00 am – 4:30 pm
The Effective Non-Executive Director – Liverpool 12 June 2018 @ The Plaza
The effective Non-Executive Director course helps you to be an effective non-executive director. It instils a real sense of what is expected of NEDs, and how you can meet the challenge. This one-day interactive course is aimed[...]

UK’s draft new governance code has a social mission

This week saw the release of a new draft code for UK corporate governance. While many were distracted by measures on executive pay, the code’s real mission is social “injustices”, as highlighted by Theresa May last year.

The post UK’s draft new governance code has a social mission appeared first on Board Agenda.

[…]

Akzo’s merger talks with Axalta provoke shareholder fury

Shareholder body writes to AkzoNobel, the Dulux paint maker, complaining that the company is looking at a fresh merger proposal after publicly stating it would “go it alone”.

The post Akzo’s merger talks with Axalta provoke shareholder fury appeared first on Board Agenda.

[…]

Boards must improve tech knowledge as “adaptation is critical” for future

Boards must step up technology and innovation knowledge to govern their business, while the CFO must develop their role in IT risk management, says accounting body ACCA.

The post Boards must improve tech knowledge as “adaptation is critical” for future appeared first on Board Agenda.

[…]

Sellafield Ltd: Chair

Chair – Sellafield Ltd Recruiter: Sellafield Ltd Location: Cumbria Salary: Circa £150,000 for 8 days per month Posted: 24 Nov 2017 Closes: 05 Jan 2018 Job Function: Chairman Industry: Energy, Public Position Type: Permanent Sellafield is one of the largest and most complex nuclear sites in the world and home to some of the UK’s […]

The post Sellafield Ltd: Chair appeared first on NEDworks.

[…]

Members – Edinburgh College Board of Management

Members – Edinburgh College Board of Management Reference: 1354 Remuneration: Unremunerated Location: Edinburgh, City of Closing date: 10 January 2018 at midday Edinburgh College began life in October 2012 following the merger of the City’s three further education colleges. Its size, scope and sphere of influence mean it is well placed to meet the needs […]

The post Members – Edinburgh College Board of Management appeared first on NEDworks.

[…]

One-fifth of FTSE 100 chairs could be affected by nine-year tenure rule

New provisions defining “independence” for non-executive directors in a revised corporate governance code could affect one-fifth of FTSE 100 chairs.

The post One-fifth of FTSE 100 chairs could be affected by nine-year tenure rule appeared first on Board Agenda.

[…]

Press release: Director of personal injury claims management company that made million of nuisance calls is banned for 7 years

An investigation found a further 11 million calls were made but not connected.

Hassim Iqbal has been disqualified from acting as a director for failing to ensure that Check Point Claims Ltd (CPC) complied with regulations relating to the conduct of its business leading to the Ministry of Justice withdrawing its authorisation to provide claims management services.

The Information Commissioners Office also issued a monetary penalty notice for £250,000 as CPC had sent almost 6.4m automated marketing calls without prior consent having been obtained from the recipients.

Mr Iqbal signed a disqualification undertaking on 17 October 2017 for 7 years, which means he is banned from acting as a director of a limited company until November 2024.

CPC traded from July 2013 to February 2016 and generated leads for local solicitor firms pursuing personal injury claims, specifically relating to noise induced hearing loss and went into liquidation in March 2016.

In June 2015, the Information Commissioners Office (ICO) identified a total of 248 online complaints had been made about CPC and automated marketing calls made between 6 April and 30 September 2015, the details provided by complainants demonstrated the detrimental effect that such calls had had on them.

In October 2015 the Ministry of Justice audited CPC’s conduct and as a result of that audit, together with information provided by the company, the MoJ cancelled CPC’s authorisation to provide claims management services as it had not complied with the Conduct of Authorised Persons Rules 2014.

In May 2016 the ICO issued a final Monetary Penalty Notice for £250,000 which stated that the Commissioner:

found that CPC had breached Regulation 19 of the Privacy and Electronic Communications (EC Directive) Regulations 2003 by sending or instigating almost 6.4m automated marketing calls between 30 March and 30 September 2015 to subscribers without their prior consent was satisfied that the breach was serious and considered that it was deliberate.

Commenting on the case Joanne Covell of Investigation & Enforcement Services, part of the Insolvency Service, stated:

This is a serious case where the actions of the director and the company have caused distress to members of the public in contravention of UK and EC regulations.

This ban reflects the seriousness of these actions and the robust stance that the Insolvency Service will take against those whose conduct falls below accepted commercial standards.

Andy Curry, Enforcement Group Manager at the Information Commissioner’s Office, said:

The people behind nuisance calls cause upset and distress and we’re in the business of cracking down on them.

We will pursue all options in the event of unpaid fines, and work closely with other regulators such as the Insolvency Service and Claims Management Regulator. The disqualification of a director behind a nuisance call firm is another welcome step in the fight.

Notes to Editors

Check Point Claims Ltd (Company Registration No. 07693783) was incorporated on 5 July 2011.

Hassim Iqbal is of Blackburn, Lancashire and his date of birth is March 1983.

A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:

act as a director of a company take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership be a receiver of a company’s property

Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings. Persons subject to a disqualification order are bound by a range of other restrictions.

The Insolvency Service, an executive agency sponsored by the Department for Business, Energy and Industrial Strategy (BEIS), administers the insolvency regime, and aims to deliver and promote a range of investigation and enforcement activities both civil and criminal in nature, to support fair and open markets. We do this by effectively enforcing the statutory company and insolvency regimes, maintaining public confidence in those regimes and reducing the harm caused to victims of fraudulent activity and to the business community, including dealing with the disqualification of directors in corporate failures. Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

BEIS’ mission is to build a dynamic and competitive UK economy that works for all, in particular by creating the conditions for business success and promoting an open global economy. The Criminal Investigations and Prosecutions team contributes to this aim by taking action to deter fraud and to regulate the market. They investigate and prosecute a range of offences, primarily relating to personal or company insolvencies. The agency also authorises and regulates the insolvency profession, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.

Contact Press Office

Media enquiries for this press release – 020 7596 6187

Press Office

The Insolvency Service

4 Abbey Orchard Street
London
SW1P 2HT

Email press.office@insolvency.gsi.gov.uk

Media Manager 020 7596 6187

This service is for journalists only. For any other queries, please contact the Insolvency Enquiry line on 0300 678 0015.

For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000.

You can also follow the Insolvency Service on:

Twitter LinkedIn YouTube […]

Press release: Long disqualification for Essex director who failed to keep proper records

This follows an investigation by the Insolvency Service.

Mr Lalli failed to ensure that Pioneer Traders (UK) Limited (Pioneer) maintained and/or preserved adequate trading records or, in the alternative he failed to deliver up such records as were maintained or preserved during the period of his directorship from 1 October 2009 to liquidation on 20 April 2015. As a result the Official Receiver has been unable to:

establish the full nature of Pioneer’s trading activities during the period of Mr Lalli’s appointment and whether these were connected with genuine trading purposes establish the stock that it held and traded in was legitimate establish extent of cash transactions and whether Pioneer should have registered as a High Value Dealer with HMRC’s Anti-Money Laundering Unit determine the full extent of purchases, sales, income, expenditure, and thereby determine Pioneer’s excise and VAT liabilities verify Pioneer’s VAT repayment claims for August and November 2011, and its subsequent understated returns verify the true amount owed to HMRC for excise and VAT account for acquisition and disposal of assets establish the level of remuneration and other benefits taken by Mr Lalli as the sole director of Pioneer

Mr Lalli caused Pioneer to make wrongful declarations for VAT including repayment claims for the August and November 2011 VAT periods totalling £285,848, and to fail to declare goods and trading on which excise and VAT was due.

Tony Hannon, the Official Receiver in the Public Interest Unit South, part of the Insolvency Service, said

Directors have a duty to ensure that their companies maintain proper accounting records, and, following insolvency, deliver them to the office-holder in the interests of fairness and transparency.

Without such records, it is impossible to determine whether a director has discharged his duties properly, or is using a lack of documentation as a cloak for impropriety..

Notes to editors

Amandeep Singh Lalli is of Ilford, Essex and his date of birth is August 1978.

Pioneer Traders (UK) Ltd (Company Reg no. 05426877), was Incorporated on 18 April 2005.

The Order was pronounced by Chief Registrar Briggs, with the Deputy Official Receiver appearing for the Claimant, the Official Receiver and the defendant appearing in person.

A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:

act as a director of a company take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership be a receiver of a company’s property

Persons subject to a disqualification order are bound by a range of other restrictions.

The Insolvency Service, an executive agency sponsored by the Department for Business, Energy and Industrial Strategy (BEIS), administers the insolvency regime, and aims to deliver and promote a range of investigation and enforcement activities both civil and criminal in nature, to support fair and open markets. We do this by effectively enforcing the statutory company and insolvency regimes, maintaining public confidence in those regimes and reducing the harm caused to victims of fraudulent activity and to the business community, including dealing with the disqualification of directors in corporate failures.

BEIS’ mission is to build a dynamic and competitive UK economy that works for all, in particular by creating the conditions for business success and promoting an open global economy. The Criminal Investigations and Prosecutions team contributes to this aim by taking action to deter fraud and to regulate the market. They investigate and prosecute a range of offences, primarily relating to personal or company insolvencies. The agency also authorises and regulates the insolvency profession, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

Contact Press Office

Media enquiries for this press release – 020 7596 6187

Press Office

The Insolvency Service

4 Abbey Orchard Street
London
SW1P 2HT

Email press.office@insolvency.gsi.gov.uk

Media Manager 020 7596 6187

This service is for journalists only. For any other queries, please contact the Insolvency Enquiry line on 0300 678 0015.

For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000.

You can also follow the Insolvency Service on:

Twitter LinkedIn YouTube […]

Press release: Insolvency Service investigation leads to another binary options company being shut down

Metro Options Limited (Metro Options) was wound up by the Manchester District Registry on 13 November 2017.

The company traded from the website www.metrooptions.com between July 2015 to December 2016, after which time the company was abandoned, with the website not being accessible thereafter.

The website and company sales representatives offered members of the public the opportunity to conduct binary options trading, which is a form of fixed-odds betting on movements in financial markets. The website made various investment return claims, none of which were founded, including:

profits of £400 per £500 trade were achievable the company would match customer deposits and that a bonus scheme existed trading insurances of between 50% and 100% would be provided the company had more than 600 retail clients the company was awaiting a licence renewal from the Cyprus Securities and Exchange Commission the company operated a one-off refund policy for losses incurred in a 90 day period

Those customers who contacted the police, via Action Fraud, complained that they were unable to obtain any refunds of deposits or supposed investment returns, and that the company effectively ceased to communicate with them after requests for refunds or investment returns were made. Those parties reported losses of £350,000. Customers had been requested to pay their monies into at least eight known bank accounts, none of those which were company bank accounts.

Metro Options also falsely claimed to have had an established trading presence at its Canary Wharf registered office, at 5 Harbour Exchange Square, London, E14 9GE. In fact the company had never had any registered office presence at that location, a matter that HH Judge Bird found to be a serious deficiency in its own right during the winding up hearing.

The initial director of the company, Kyle Snoxell, who resigned as a director on the same day as his appointment (on 29 June 2015) informed investigators that although he was involved in the setting up of the company, he decided at that time that upfront costs and problems encountered with an unnamed Bulgarian based company who were to provide technology and support services, were a barrier to continue with the company. A Miklos Attila was appointed company director on the day Mr Snoxell resigned. Mr Attila could not be traced by the investigators.

Cheryl Lambert, a Chief Investigator at the Insolvency Service, said:

The Insolvency Service will take action against companies that make unfounded and misleading statements in order to induce members of the public to invest money.

Notes to Editors

Metro Options Limited (Company number 09661759) was incorporated on 29 June 2015. Its registered office is at 5 Harbour Exchange Square, London, E14 9GE, a multi occupancy building. The building services operator for 5 Harbour Exchange have no record of that company or any of its officers having had any presence at that location.

The petition to wind up the company was presented in the Manchester District Registry on 15 September 2017, under the provisions of section 124A of the Insolvency Act 1986 following confidential enquiries by Company Investigations under section 447 of the Companies Act 1985, as amended.

All enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit, 4 Abbey Orchard Street, London, SW1P 2HT. Telephone: 0207 637 1110, Email: piu.or@insolvency.gsi.gov.uk.

Company Investigations, part of the Insolvency Service, uses powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK on behalf of the Secretary of State for Business, Energy and Industrial Strategy (BEIS).

Further information about live company investigations is available.

The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency authorises and regulates the insolvency profession, deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

Contact Press Office

Media enquiries for this press release – 020 7596 6187

Press Office

The Insolvency Service

4 Abbey Orchard Street
London
SW1P 2HT

Email press.office@insolvency.gsi.gov.uk

Media Manager 020 7596 6187

This service is for journalists only. For any other queries, please contact the Insolvency Enquiry line on 0300 678 0015.

For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000.

You can also follow the Insolvency Service on:

Twitter LinkedIn YouTube […]

News story: Palmer and Harvey in administration – how to claim redundancy or register as a creditor

The following companies are involved in the administration:

Palmer & Harvey (Holdings) PLC Palmer & Harvey McLane Limited Palmer & Harvey McLane (Holdings) Limited P&H (1925) Limited P&H Direct Van Sales Limited P&H Sweetdirect Limited P&H Direct Limited P&H Snacksdirect Limited

Matthew Callaghan, Ian Green and Zelf Hussein of PwC have been appointed joint administrators of the companies.

Information for former employees: If you’ve been dismissed

If you’ve been dismissed, you might be entitled to redundancy and other related payments from the Insolvency Service.

Who is eligible

You can to apply to the Insolvency Service for redundancy and other payments if:

you worked for these companies under an employment contract you live in England, Scotland or Wales

You can’t apply to the Insolvency Service if you live in Northern Ireland. Find out about your rights in Northern Ireland if your employer is insolvent.

Workers and self-employed contractors who provided services to the company are not eligible to apply. Instead, these individuals should contact the administrator to register as creditors.

How to apply

The administrator will give details about how to apply and will also give you a case reference number (eg CN12345678).

Once you have this information you can apply online.

Paying your claim

Once you submit your online application, it takes us an average of 14 days to process your application and pay claims.

However, sometimes we need to get additional information from you or from the administrator. This can take a bit of time.

We’ll contact you directly if we need anything from you.

We always try to pay eligible claims within 6 weeks of receiving the application.

Please don’t contact us to check the status of your application until after the 6 weeks have passed. This will help us deal with everyone’s application as quickly as possible.

Getting help with your application for redundancy payments

If you need help completing your application, you can contact the Redundancy Payments helpline on 0330 331 0020.

When calling, please have your case reference number (eg CN12345678) and National Insurance number to hand. If you do not have a case reference number, please contact the administrator.

We are experiencing higher than usual call volumes at the moment. If you are unable to get through to us you can email redundancypaymentsonline@insolvency.gsi.gov.uk with “ Palmer & Harvey McLane Limited Employee” in the subject line, and we will call you back.

Please include your name, your case reference number and your telephone number in your email.

If you need to email us after submitting your claim, please only use the email address you gave on your application form. Otherwise, we won’t be able to respond to you for security reasons. Other support available to you

Factsheet: finding a new job, managing your finances and benefits available to you (PDF, 487KB, 2 pages)

Information for creditors

You’ll need to register as a creditor in the administration if:

you haven’t been paid for goods or services you’ve supplied to the Palmer & Harvey McLane Limited group of companies you’ve have paid the companies for goods or services that you haven’t received

To register, email the administrators.

In your email, please include your company details and what you’re owed.

Further information

If you have any further questions, you can also contact the Insolvency Enquiry Line:

Insolvency enquiry line

Contact form http://www.insolvencyd…

Telephone 0300 678 0015

For information about the insolvency process contact the Insolvency Enquiry Line during office hours. Open 9am to 5pm Monday to Friday except Wednesday 10am to 5pm. We can give you general information about: insolvency, what official receivers do and where you can go to get the information or advice you need.

We can’t give you: legal or financial advice, information on specific insolvency cases, information or advice on matters directly relating to other government departments.

[…]