The Academies Financial Handbook is updated annually by the Department for Education and the Education and Skills Funding Agency; it contains a number of governance requirements for academy trusts.
As a values-driven business ourselves, we understand the challenges of balancing the commercial realities of running a sustainable and profitable business while also achieving your social goals.
So how can you maximise your impact? Where are the opportunities? Over the coming months, our team of commercial lawyers will share a series of e-briefings with you, which aim to provide an insight into some of the legal and practical solutions for meeting the business challenges we all face. These will begin with a series of e-briefings outlining our advice about working with social housing, local government, health and social care, education and charity clients, intending to give you an understanding of some of the specialist sector knowledge we have gained from working in these sectors for over 40 years.
In the meantime, you can start thinking about who you work with and how you work with them. Whether you are a start-up, an established SME or a large organisation with a sizeable workforce, the following issues will be key to your success:
- Making your supply chain work for you — the level of service you can provide your customers with is only as good as the level of service you receive from your supply chain. This year, consider reviewing your supply contracts. Are suppliers delivering on all of the promises they made pre-contract? Are their standards still matching your expectations? And are lines of communication, data transfers and key contacts still working smoothly?
- Understanding the supply chain you are in — for those of you who work 'business-to-business', taking the time to understand the needs of your clients' own sectors can save you a headache further down the line. This is particularly important when working with some of the specialist sectors that we are particularly experienced with, such as social housing, local government, education, charities and health and social care. We know from our own experience that specialist clients need their supply chain to understand and respond to their unique challenges, such as regulatory issues, data management, safeguarding, funding and procurement.
- Making the most of partnering — effective collaboration with partners can be a way to promote real growth. Our clients are choosing a plethora of partnering models, from sophisticated contractual or organisational joint ventures to contracting arrangements with enhanced partnering provisions. There is never going to be a 'one-size-fits-all' model for partnering arrangements, so take your time and seek advice at the negotiation stage to ensure that the model you sign up to secures a proportionate return on your investment.
- Making sure you are not restricting your own growth — internal governance problems can be a greater threat to businesses than external issues. Take the opportunity in 2017 to consider whether your board’s structure and decision-making processes are still fit for purpose, or whether a change could have a positive impact on the productivity of the whole organisation.
- Managing your workforce effectively — workforce challenges can be the most time-consuming issues for any employer, as they use up valuable resources that could be used to grow the business. One simple task that you could undertake this year to help smooth the management of your workforce and reduce the risk of any challenges is to review and update your policies and procedures. Ask yourself, do they actually reflect what you do or need to be doing in practice? Are they compliant with the latest law in this area? Does non-compliance increase your risk of legal challenge?
Whatever steps you are taking in 2017 to increase your impact, we would be pleased to help.
Supreme Court publishes key decision for those working in the UK’s gig economy.
From 6 April 2021, it will be the responsibility of medium and large private sector organisations to assess whether contractors working through an intermediary come within the ambit of IR35.
The 'Chocolate Snowman Appeal' is an amazing initiative that Anthony Collins Solicitors' (ACS) employees take part in every year.
The Building Safety Bill (the Bill) is said to be the most significant and wide-ranging change to the regulatory environment for higher risk building (HRBs) for over 45 years.
On 4 November 2020, the Restriction of Public Exit Payments Regulations 2020 (the Regulations) came into force; exit payments for the public sector were capped at £95,000.
The case was brought by the Official Receiver who sought disqualification orders under section 6 of the Company Directors Disqualification Act 1986 (CDDA 1986) against the seven trustees of Kids Company and its CEO. It illustrates well the tension between the role of a fulltime paid CEO of a large charity and the role of its board as voluntary trustees/directors.
At the end of 2020, The Charity Governance Code was updated or 'refreshed' as it is termed on its website.
Anthony Collins Solicitors is today (Thursday 11 February) revealing the scale of its social impact during 2020.
In their first podcast of this series, current and future trainees will discuss their journey and route to securing a training contract at Anthony Collins Solicitors.
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