Company law

Company law guidance:

This Market Tracker Trend Report, AGM season 2019, examines the latest market practice and trends emerging from the FTSE 350 annual general meeting (AGM) season 2019....

Practice Note

BREXIT IMPACT: The UK corporate reporting framework may be affected by Brexit. For further details of its impact, see Practice Note: Brexit—accounts and reports. This...

Practice Note

The Consumer Credit Act 1974 (CCA 1974), the Financial Services and Markets Act 2000 (FSMA 2000) and the Financial Services and Markets Act 2000 (Regulated Activities...

Practice Note

A company admitted to trading on AIM (AIM company) must comply with a number of rules called continuing obligations contained in the AIM Rules for Companies (AIM Rules)...

Practice Note

This Practice Note focuses on some key corporate issues that arise in the context of share incentives including: • the company law requirements that do not apply (or...

Practice Note

These training materials consist of template PowerPoint slides that can be used as the basis of one or more training seminars in relation to directors’ remuneration. The...

Practice Note

Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to...

Practice Note

This Practice Note covers the statutory, regulatory and corporate governance framework for directors’ remuneration reports (including the directors’ remuneration policy),...

Practice Note

This Practice Note outlines the regulatory framework for remuneration of directors of quoted and unquoted traded companies against the current backdrop of increased...

Practice Note

This Practice Note focuses on the additional statutory and regulatory requirements applicable to UK listed companies in relation to directors’ service contracts, covering...

Practice Note

This Practice Note outlines the requirements on directors to disclose their interests in shares under the Companies Act 2006 and the Market Abuse Regulation (including...

Practice Note

Specific rules in the benefits code in ITEPA 2003, Part 3 apply to 'employment-related loans' and, in certain circumstances, impose income tax and NICs charges on...

Practice Note

The meaning of financial assistance—overview Financial assistance is a term defined by the Companies Act 2006 (CA 2006). In summary it is any form of assistance given by...

Practice Note

The gender pay gap reporting obligations are set out in the following pieces of legislation: • Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, SI...

Practice Note

On 6 April 2017, the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (the Regulations), SI 2017/172 came into force. Under the Regulations, SI 2017/172,...

Practice Note

The Companies Act 2006 (CA 2006) contains provisions that require loans from a company to its directors or persons connected with its directors and related arrangements...

Practice Note

Meaning of ‘non-executive director’ The general definition of ‘director’ is not exhaustive. The Companies Act 2006 (CA 2006) provides that the term director includes any...

Practice Note

The Companies Act 2006 (CA 2006) contains provisions relating to payments made by a company to a director as compensation for loss of office. Shareholder approval is...

Practice Note

A limited company may buy back shares in itself, if certain conditions set out in the Companies Act 2006 (CA 2006) are met. This is known as a share buyback or a purchase...

Practice Note

Background Companies incorporated under the Companies Act 2006 (CA 2006) are either established on a limited or unlimited basis. This means that the liability of the...

Practice Note

This note looks at the issues arising for companies trading on the AIM when designing and operating their employee and executive share schemes. It highlights the key...

Practice Note

Meaning of ‘non-executive director’ The general definition of ‘director’ is not exhaustive. The Companies Act 2006 (CA 2006) provides that the term director includes any...

Practice Note

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

We have analysed the following areas in particular: • Compliance: are all companies complying with the new requirements? • Market practice: what market practice is...

Practice Note

This guidance, dated June 2013 and updated in January 2020, was produced by the Chartered Governance Institute (formerly known as ICSA: The Governance Institute) (CGI) to...

Practice Note

Importance of the definition of employees' share scheme in Companies Act 2006 When establishing a share incentive scheme for employees it is usual for the scheme to be...

Practice Note

The directors' report has an important function in providing shareholders with information about the company's business which may not be ascertainable from the financial...

Practice Note