Upcoming Events

Sep
11
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
Sep 11 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – London 11 September 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[...]
9:30 am How to become a Non-Executive Di... @ Scotland Study Centre
How to become a Non-Executive Di... @ Scotland Study Centre
Sep 11 @ 9:30 am – 5:00 pm
How to become a Non-Executive Director – Edinburgh 11 September 2018 @ Scotland Study 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, September 11 2018 to[...]
Sep
19
Wed
2018
9:00 am The Effective Non-Executive Dire... @ Institute of Directors
The Effective Non-Executive Dire... @ Institute of Directors
Sep 19 @ 9:00 am – 4:30 pm
The Effective Non-Executive Director – London 19 September 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[...]
Oct
9
Tue
2018
9:00 am The Effective Non-Executive Dire... @ Institute of Directors
The Effective Non-Executive Dire... @ Institute of Directors
Oct 9 @ 9:00 am – 4:30 pm
The Effective Non-Executive Director – London 9 October 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[...]
Oct
23
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
Oct 23 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – London 23 October 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[...]

Oxfordshire Football Association Ltd: Independent Non-Executive Directors

Independent Non-Executive Directors – Oxfordshire Football Association Ltd In July 2017, the membership of the Oxfordshire Football Association (OFA) voted to abolish their long-standing Council structure to make decision making and development of football in Oxfordshire more transparent and inclusive whilst providing for lifestyles of people today and in the future. As part of that […]

The post Oxfordshire Football Association Ltd: Independent Non-Executive Directors appeared first on NEDworks.

[…]

Eric Schmidt steps down as chairman of Google owner

Boardroom leadership for Alphabet, Google’s parent company, is set for change after it was announced that chairman Eric Schmidt is to leave his post to become a “technical adviser”.

The post Eric Schmidt steps down as chairman of Google owner appeared first on Board Agenda.

[…]

Press release: Ban for waste management directors who failed to comply with environmental laws

Following an Insolvency Service investigation, on 3 November 2017, the County Court at Wakefield disqualified Mr and Mrs Wagstaff for failing to ensure that TWM complied with its statutory obligations under the Environmental Protection Act 1990 resulting in the risk of serious pollution.

In addition, at a time Mr Wagstaff knew or ought to have known the company was insolvent he allowed the company to pay funds of at least £55,653 which was due to TWM into his personal bank account.

The Insolvency Service’s investigation involved close liaison and cooperation with the Environment Agency, who carried out inspections at the company’s trading site in Goole from 2014 to July 2015 noting breaches of TWM’s environment permit.

Between May 2015 and June 2015 three fires broke out at the trading site. This ultimately led to an enforcement notice from the Environment Agency prohibiting TWM from receiving certain types of waste and requiring the company to take steps to remove the risk of serious pollution with immediate effect. Soon after the enforcement notice was served the company entered liquidation.

Commenting on the disqualification, Robert Clarke, Investigations Group Leader at the Insolvency Service said:

The failure by the directors of TWM to comply with environmental protection legislation presented a significant risk of pollution to both the environment and the public.

The disqualification of Mr and Mrs Wagstaff sends a clear message that corporate entities failing to comply with legislation which is in place to protect environmental interests will not be tolerated.

I would like to thank the Environment Agency for supporting our investigation and helping to ensure a successful outcome.

Notes to editors

Total Waste Management Ltd (Company Registration Number 007861416) was placed into Creditors’ Voluntary Liquidation (CVL) on 13 July 2015 with a deficiency as regards creditors of £1,055,131.

The company, which was incorporated on 25 November 2011, traded as a specialist waste management company dealing in the treatment and disposal of non-hazardous waste, from Unit 2 Long Lane, Great Heck, Goole, DN14 0BT.

On 3 November 2017, the Court ordered that Mr & Mrs Wagstaff, both of Goole, would not act as directors for 9 years and 7 years respectively. The disqualification came into effect on 3 November 2017.

The order was pronounced by District Judge Ellington at the County Court at Wakefield. The Insolvency Service was represented by Simon Charles (Counsel) and Gowling WLG (UK) LLP (solicitors).

The defendants represented themselves however they did not attend the hearing on 3 November 2017.

Mr Wagstaff’s date of birth is November 1961 and Mrs Wagstaff’s date of birth is April 1963.

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 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: Five year ban for takeaway company secretary after suppressing takings

The Secretary of State for Business, Energy and Industrial Strategy accepted a disqualification undertaking from Mr Alam, disqualifying him for five years from 15 December 2017.

An Insolvency Service investigation found Mr Alam caused inaccurate statutory VAT returns to be submitted to Her Majesty’s Revenue & Customs (HMRC) on behalf of AGF Cuisine Ltd. Although not formally appointed as a director of AGF Cuisine Ltd, his role in the company was that of a director.

Mr Alam’s disqualification follows collaboration between the Insolvency Service and HMRC.

An in depth HMRC investigation including a till interrogation, revealed suppression of takings and also identified sales from debit/credit card takings that had been omitted from submitted VAT returns. In total, HMRC raised assessments of £54,829 and a penalty of £26,536 to the company deeming the actions were deliberate.

At liquidation the company was stated as owing in excess of £187,000 to HMRC in relation to arrears of VAT, PAYE and National Insurance Contributions, Corporation Tax and penalties.

Commenting on the disqualification, Lawrence Zussman, Deputy Head of Investigations for the Insolvency Service said:

Much of the public service is funded by the correct amount of taxes being paid. By not declaring and paying the correct amount of taxes, the public has been deprived from receiving the services it deserves from the public sector.

The Insolvency Service will not hesitate to take action against directors so they cannot abuse limited liability provided by trading through a company.

Notes to editors

Safiullah Alam, 45, was a Company Secretary AGF Cuisine Ltd (Company number 08042925), which was incorporated in April 2012.

Safiullah Alam, of London, date of birth August 1972, has been disqualified for a period of 5 years commencing from 15 December 2017.

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.

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 7674 6910 or 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: 10 year disqualification served on takeaway company director

Yi Yang Chen was served a 10 year disqualification order at Edinburgh Sheriff Court on 23 November 2017 following an investigation by the Insolvency Service, on behalf of the Secretary of State for Business, Energy and Industrial Strategy . The disqualification commenced on 14 December 2017.

The investigation found Mr Chen had caused Golden Earl to deliberately understate its profits between 4 February 2007 and 31 May 2014 from which he gained personal benefit.

The court heard that between 4 February 2007 and 31 May 2014, Mr Chen caused Golden Earl to conceal profits totalling £653,436 on which Corporation Tax of £135,528 was owed. In the absence of declaration, HM Revenue & Customs (HMRC) issued an assessment in the sum of £345,479. This was made up of £135,528 for concealed Corporation Tax, £16,994 for interest and a penalty charge of £192,957.

Between 31 May 2008 and 31 May 2014, from the concealed profits, Mr Chen received loans and advances from Golden Earl which were paid to his private bank accounts, totalling at least £615,133 giving rise to a tax liability of £155,788.

In the absence of Golden Earl making payment of £501,257, HMRC placed the company into liquidation on 9 December 2015.

Robert Clarke, Head of Company Investigation at the Insolvency Service said:

The public can be assured that where there have been abuses of public finance provisions which result in losses of this type, the Insolvency Service will investigate the conduct of the parties involved and take action to remove the privilege of limited liability trading for a lengthy period.

Notes to editors

Golden Earl Limited, (CRO No. SC285136) went into compulsory liquidation on 9 December 2015 with a deficiency to creditors of £618,890. The company was incorporated to operate a Chinese takeaway from 13 Market Street, Mid Calder, Livingston, West Lothian, EH3 0AL.

The Secretary of State was represented by solicitor Kevin Clancy of Shepherd & Wedderburn. The action was undefended.

Mr Chen’s address is Unit 6, 30/32 Knowsley Street, Manchester, M7 8HQ.

Yi Yang Chen if of Manchester and his date of birth is April 1971.

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.

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 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: 13 year disqualification for director over company’s VAT evasion

Mr Shakoor’s disqualification follows an investigation by the Insolvency Service into the liquidation of Raptor Commerce Ltd.

Between 5 December 2005 and 31 May 2006, Mr Shakoor caused or allowed Raptor to participate in transactions which were connected with the fraudulent evasion of VAT, which Mr Shakoor either knew or should have known about.

Mr Shakoor caused Raptor to make a wrongful claim of a VAT repayment for the period ending May 2006 totalling £1,224,134.

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

The Insolvency Service will take firm action when we find misconduct and wrongdoing in the operation of companies by directors.

The Insolvency Service is committed to protecting the integrity and confidence in the market both by consumers and business people alike.

Notes to editors

Mr Naeem Shakoor, is of Glasgow and his date of birth is January 1972.

Raptor Commerce Ltd (Company Reg no. 04489352) was incorporated on 18 July 2002 and ordered into compulsory liquidation on 9 September 2013.

The order was pronounced by Mr Registrar Jones and the Secretary of State was represented by Camilla Chorfi of Selborne Chambers and the defendant was not present or represented.

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 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

[…]

Twenty-five years of the UK Corporate Governance Code

The first governance code was launched in Britain 25 years ago, following a set of corporate scandals. Since then, governance has evolved to tackle more complex challenges that are no longer local—they’re global, and they’re pressing.

The post Twenty-five years of the UK Corporate Governance Code appeared first on Board Agenda.

[…]

Principality Building Society – Non-Executive Director

Non-Executive Director – Principality Building Society Recruiter: Principality Building Society Location: Cardiff, Cardiff (Caerdydd) Salary: c£40,000 Posted :19 Dec 2017 Closes: 16 Jan 2018 Sectors: Management Contract Type: Permanent Hours: Full Time A highly successful, customer centric, forward looking Society – ‘Where home matters’ The Principality is one of the largest and financially strong Building […]

The post Principality Building Society – Non-Executive Director appeared first on NEDworks.

[…]

Acute Sustainability Programme Board – Independent Chair

Independent Chair for the Acute Sustainability Programme Board The opportunity Epsom and St Helier University Hospitals NHS Trust (ESTH) has identified significant issues with the Trust’s clinical and financial sustainability as well as the condition of its estate across both hospital sites. It has recently engaged the public on these issues and developed a Strategic […]

The post Acute Sustainability Programme Board – Independent Chair appeared first on NEDworks.

[…]

British Triathlon – Non-Executive Director Safeguarding & Equality – Cardiff

Non-Executive Director Safeguarding & Equality – British Triathlon – Cardiff Job Reference: BBBH8888 Location: Wales > Cardiff Salary: Voluntary, unpaid Sector: Leisure and Sport Job Type: Permanent Start Date: asap Job Description Director of Safeguarding and Equality British Triathlon is the National Governing Body for Triathlon, Duathlon and Aquathlon in Great Britain, responsible for raising the […]

The post British Triathlon – Non-Executive Director Safeguarding & Equality – Cardiff appeared first on NEDworks.

[…]