Chapter 12 - Oversight By Regulators Flashcards
How often should listed companies undertake a board evaluation?
i) Internally Every year
ii) Externally facilitated At least every three years – FTSE 350 companies
Must every director be evaluated every year?
No
Should evaluations follow the same format and cover the same topics each year?
No
What are the two main options available to members under the Act to take action against directors?
Actions for unfair prejudice or derivative action claim
Of whose interests should directors be most mindful?
The members
In general how is the power of entry and search granted and who to?
By the courts/magistrates to a police constable
Can an HMRC inspector with the power of arrest make an arrest for any criminal offence?
No their power is limited to HMRC offences