Statement of compliance definition

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Bribery prevention—overseas partners—checklist

Bribery prevention—overseas partners—checklist This is a Checklist for overseas partners on how to prevent bribery. Policies and procedures • Has the company got a clear, robust and pragmatic code of ethics which explicitly refers to a zero tolerance of bribery and corruption? • Is this code of ethics supported by proportionate policies? Is there top level commitment to these policies from the Board and does an appropriately experienced senior officer of the company oversee the anti-bribery policy? ◦ Are the anti-bribery policies and procedures a regular Board meeting agenda item for consideration? ◦ Are the details of the Board's discussions of the anti-bribery policies and procedures fully minuted? ◦ Is there a Board sub-committee with responsibility for overseeing the amendment and enforcement of the anti-bribery policies and procedures? ◦ Does the company’s General Counsel, and the legal/compliance department as a whole (where present), have specific expertise of the anti-bribery legislation and practice? If not, then (a) the company should retain external lawyers with the requisite knowledge; and (b) should consider...

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How to incorporate a public or private limited company

How to incorporate a public or private limited company This short ‘how to’ guide sets out the steps to be followed to incorporate a new public or private company limited by shares which is tailored to meet the specific requirements of the subscribers (ie first shareholders of the company) upon incorporation. For a comprehensive review of the issues and procedure relating to the incorporation of a tailor-made company (including a public or private company limited by shares), see Practice Note: Incorporating a company and relating to the purchase of a read-made ‘shelf company’, see Practice Note: Tailoring a shelf company. Requirements for registration A public or private company limited by shares is incorporated by the delivery of its memorandum of association to Companies House, together with: • an application to register a company on Form IN01 (either online or in paper format)—for the online service, see: Register your company • the company’s proposed articles of association (unless the company is adopting a form of the statutory model...

Shipping emissions—regulation

Shipping emissions—regulation Originally produced in partnership with Navraj Singh Ghaleigh, Senior Lecturer in Climate Law, University of Edinburgh Shipping emissions: background Maritime transport, or ‘shipping’, emissions contribute 2.89% of anthropogenic global greenhouse gas (GHG) production, or 1, 076 million tonnes CO2. Since 90% of world trade is transported by sea, shipping has a significant role in the future of climate action, see Behnam A, ‘The Nexus of Ocean Trade and Climate Change: A Review Essay’ (2015) 29 Ocean Yearbook 11. As such business-as-usual shipping emissions are not compatible with the goal of 'holding the increase in the global average temperature to well below 2°C above pre-industrial levels' as enshrined in art 2 of the Paris Agreement. See Practice Note: The Paris Agreement 2015—snapshot. The international climate regime and maritime emissions The term ‘international climate regime’ is commonly understood to refer to the United National Framework Convention on Climate Change (UNFCCC) (1992), the Kyoto Protocol (1997), and the Paris Agreement (2015). Notably however, none of these...

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Letter—employer exercising summary termination right under service agreement

Letter—employer exercising summary termination right under service agreement [To be typed on employer’s headed notepaper] [Enter name and address of employee] [Enter date] by hand Dear [enter name] Termination of employment Further to the meeting held on [enter date][, at which you were accompanied by [insert name],] [ and our conversation earlier today,] I write to [notify you OR confirm] that [enter name of Employer] has decided to exercise its right under clause [enter clause number of provision dealing with summary termination] of your [service agreement OR contract of employment] dated [enter date] (referred to in this letter as the [‘Service Agreement’ OR ‘Contract’]) to terminate your employment with immediate effect, without notice or payment in lieu of notice, by giving you this written notification.[ This letter also refers to various other terms as defined in the [Service Agreement OR Contract].] The relevant term of the [Service Agreement OR Contract] is clause [enter clause number of provision dealing with summary termination], which provides:...

Board minutes—re-registration—public company to unlimited company

Board minutes—re-registration—public company to unlimited company Company number: [insert number] [insert company name] PLC Minutes of a meeting of the board of directors (the Meeting) of [insert full name of company] (the Company) Held at [insert place of meeting] On [insert day, month and year of meeting] at [insert time of meeting ][am OR pm] Present: [Insert names of the director(s) physically present][[Insert names of any directors present by telephone as permitted by the Company’s articles of association] (by telephone)] [[Insert names of any directors present by other means permitted by the Company’s articles of association] (by [insert other means]] [ In attendance: ] [[Insert names of anyone in attendance, who does not count towards the quorum for the Meeting (eg the company secretary, any legal advisers) (if any)]] [ Apologies: ] [[Insert names of any directors who are unable to attend the Meeting]] 1 Chair, notice and quorum [Insert name] was appointed Chair of the Meeting. It was reported that proper notice...