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Wanted. Someone with passion, integrity, vision and optimism who can empathise with employees to help lead UK public limited companies (plc) to success. Judging by the recent shareholder revolts and fines being slapped on companies for questionable business practices, the queue for the above position is likely to be a frighteningly short one.
What does it take to be a great business leader? As company success becomes more closely linked to society’s needs, those leading companies will have to dig deep if trust is to be restored.
The announcement by the Charity Commission to launch a ‘blog’ style consultation process on its revised public benefit guidance provides a good opportunity to distinguish between the law on public benefit and the Commission's own guidance, says Paul Gibson, a charity expert at Mazars.
“Clarity here will help trustees to make decisions with public benefit firmly at the front of their minds,” says Gibson.
A round up of relevant news affecting the business sector, including an announcement from the Charity Commission to launch a 'blog' style consultation process, plus a study on the UK's strongest performing city economies.
The government is confident that hosting the Games to the tune of around £9 billion will put the UK on a much better economic footing over the next five years. What’s more, the main site of the Games in Stratford, London’s East End, will become rejuvenated into a vibrant and flourishing district delivering state-of-the-art travel links, better housing and increased employment opportunities for its residents. We talk to those who can confirm that the promise and legacy of the 2012 Olympics is not only about immediate financial gain, but equally about regeneration, leadership and international opportunities.
Can the UK strike gold by hosting the Olympic Games? Insight Out races across London to find out what people really believe are the main benefits both now and in the future.
As the days of rapid company expansion and aggressive sales targets lose their shine, a new ‘age of sustainability’ has begun whereby company success and value creation will come from recognising the link between business, social and environmental factors. Understanding how these work in a business environment will be the difference between a good business leader and a great one.
What qualities should leaders possess in the future? Tony Manwaring of Tomorrow’s Company talks to Hannah Beecham about the key elements business leaders will need as we head into a new era.
As witnessed by the recent shareholder spring, investors are becoming more vocal on how they think the boards of Britain’s biggest companies should behave. Issues of executive pay, stewardship as well as investment decisions are being scrutinised as shareholders demand that executives become more aligned with the long-term outlook of the companies they run. Buoyed by Business Secretary Vince Cable’s recent package of reforms on directors’ pay, it seems the shareholder shout just might prove loudest of all as the force for change grows stronger.
Shareholders are turning up at annual general meetings (AGMs) across the country forcing change with their voting powers. At Royal Bank of Scotland’s AGM, Hannah Beecham tested the volume of the dissenting voice.
Recent shareholder revolts and public protests show that tolerance of high salaries for poor performance by UK companies has worn thin. It’s a development that means company success will in future be more closely aligned with boards getting the right balance between business and society’s expectations. To achieve this, diversity at board level and setting the right tone at the top will be key.
Good governance and stewardship lie at the heart of effective leadership. How a board reflects this is crucial to steering a company through economic uncertainty to long-term success. Hannah Beecham reports.
Entrepreneurs quickly learn you can’t always get what you want and Phil Davies is not atypical in being a successful owner manager in a business that had very little to do with his real passion in life — rock music. But he stuck with his double glazing business for thirty years because his acumen in taking a business forward was too insistent to be ignored. Today, having successfully sold off the company, he’s the one who can afford to smile at coming back to the place where his heart belongs. And, guess what? He’s found a whole new business to expand.
Owner manager Phil Davies tells Hannah Beecham how he travelled from rock ‘n’ roll to double glazing and back to rock ‘n’ roll again, gathering no regrets along the way.
The financial world we live in has changed dramatically in the past few years, leaving investors with a decidedly nasty taste in the mouth. With market volatility, bank failures, bailouts, the euro crisis, riots and disorder, it seems there are few safe investment havens left for investors. With such a negative outlook, assessing your risk tolerance will ultimately help identify better investment decisions.
How do you earn the highest possible return with the lowest possible risk? We look at how best to invest in volatile times by working out the trade off between risk and return.
A consultation paper issued by HMRC sets out proposals to replace IR35 compliance in some instances by requiring both public and private organisations engaging “controlling persons” through personal services companies to deduct income tax and national insurance from fees paid to their companies. But wouldn’t better enforcement of IR35 be an easier solution?
Leading figures in public services have recently made the headlines through the use of personal service companies to reduce their tax bills. But are proposals to extend new rules to the private sector really necessary?
With reports about the UK economy consistently gloomy, every business has to find new growth markets. In January 2012, Victoria Tomlinson, Chief Executive of Northern Lights PR* decided to look at expansion opportunities in Dubai. Her company used LinkedIn for research and to win new clients. Here she explains how the use of social media landed the company an overseas contract in the very first meeting.
Social media is an increasingly popular way to promote services, but can it be used to expand into overseas markets? Business owner Victoria Tomlinson explains how she achieved new international contracts using LinkedIn.
There is a growing number of sponsored events where the company name can be artfully and subliminally etched upon the public’s collective conscience. But increasingly sponsorship deals are not just about publicity, they are also about aligning your own company values with something you believe in or getting involved with your local community. And the ways of doing so are becoming increasingly innovative.
Sponsoring an event can do a lot for getting a company’s name in the public eye. But it’s also a way to align yourself with a sector as well as your community.
Singapore is the UK’s largest trading partner in South East Asia with many companies using the country as a springboard to the rest of the region. Speaking at a recent forum jointly hosted by Mazars, HSBC and UK Trade & Investment (UKTI) on Developing Business in Asia Pacific, Mazars Singapore Partner in Consulting, Wee Han Tah, offers advice in this webinar on how businesses should approach the market.
Singapore acts as an international financial centre and trading hub for South East Asia. But UK companies looking to enter the market need to prepare. Mazars Singapore Partner, Wee Han Tah explains.
Regardless of the sector in which you operate or country you plan to expand into, cultural differences will directly impact on you and the profitability of your business. By not understanding these risks, you put your company in danger of wasting time, effort and money. In an increasingly globalised world, gaining a better understanding of the psychological approach to business of an international partner may be the difference between success and failure in your chosen overseas market.
UK companies are increasingly being told that exporting to emerging markets is the key to growth. Keith Warburton of Global Business Culture explains how understanding mindsets will be key.
During the first stage of his trip Charles will be getting involved with a number of social and conservation projects as well as attending a number of events, some of which will be as the guest of Mazars Kenya. On these volunteer schemes he will work on education-based community initiatives and spend two weeks on the African Impact project that aims to protect the wildlife of the Masai Mara through research and tracking of the animals.
The year-long round the world trip working on social entrepreneurship projects has finally begun for Charles Batte, the Your Big Year 2012 Ambassador. Hannah Uttley reports on his first project in Kenya.
In its first ever survey on current perceptions and thinking by mining companies on human rights issues, there is agreement that companies across the world are keen to comply with the United Nations Guiding Principles on Business and Human Rights. But there are differences of opinion on the practicalities of achieving compliance, which need to be addressed if public confidence is to be maintained.
The move from principles to processes that actively address human rights issues in the mining industry is beginning to take shape, but more work is needed according to a survey by Mazars.
The government’s intention is to introduce a new credit which they reckon will be more effective in encouraging UK-based innovation in the large corporate sector. The aims of the new system are fiscal sustainability, simplicity and ease of administration within the tax system. We run through the main points.
The government proposes a new system for its financial support of large companies’ research and development (R&D), which will be easier to understand. But changes will see winners and potential losers.
Entrepreneurialism is an extraordinarily positive energy in business and society but support and practical advice are essential if they are to thrive and boost worldwide economic recovery and growth. So which countries are best equipped to nurture entrepreneurs?
As we head towards the starting line of the London Olympics, we take a look at which country would top the Gold Medal rankings if the Games were based on entrepreneurs rather than athletes such as Usain Bolt and Mo Farah.
A list of the forthcoming Mazars seminars taking place over July, August and September across the UK. Including a seminar looking at the board polarities approach for charities, advice on how to halve your tax rate and how to get the most out of your actuaries.
Find out all you need to know on Mazars’ upcoming events and seminars including why you should attend and how to register for a place.