Latest news on Business law issues
Groceries Code Adjudicator Bill - 2012-13
Competition Commission Market Investigation on the Supply of Groceries in the UK
The Government's policy for the Groceries Code Adjudicator (PDF, 153 Kb)
Red Tape Challenge - Company and Commercial Law
Company law is under the spotlight as part of the government's Red Tape Challenge programme. For three weeks from 26th January the public is being asked to comment on the regulations associated with company law and tell us how we can improve the legislative framework. Details of the Red Tape Challenge and the regulations for company law can be found on the cabinet office website. To accompany this review we have today published a discussion paper entitled: Company Law – providing a flexible framework which allows companies to compete and grow (PDF, 146 Kb)
Executive remuneration discussion paper
Update
On 23 January 2012, the Secretary of State for Business announced the Government’s next steps on tackling excessive executive pay.
The proposals bring taken forward will address this issue on four fronts:
- Greater transparency so that what people are paid is clear and easily understood.
- More shareholder power such as the introduction of binding votes, so they can hold companies to account.
- More diverse boards and remuneration committees (REMCOs) to tackle the status quo.
- Best practice led by the business and investor community
This follows on from the discussion paper published in September of last year (link below), which explored the issues surrounding executive remuneration, and a consultation on improving company narrative reporting.
Executive remuneration discussion paper
Registration of charges created by companies and limited liability partnerships
Following consultation in 2010, the publication of the Government response in December 2010, and subsequent discussions with stakeholders, the Department has published a document with a mock-up of Part 25 of the Companies Act 2006 as amended in accordance with the proposals. The document also includes revised cost assumptions for the Impact Assessment. Views are sought by 30 September 2011.
11-1108-revised-scheme-registration-of-charges-part-25 (PDF, 175 Kb)