We now know what the short-term holds for public procurement at the end of the Brexit transitional period.
For anyone who is currently restrained by their Rules, Articles or constitution from holding their General Meeting or have held such in breach of their governing documents hoping for minimal reprisals, help is on the way!
The Government yesterday (20 May), presented a (Corporate Governance and Insolvency) Bill to put in place a series of measures to help; including allowing organisations including companies, Charitable Incorporated Organisations (CIOs) and Registered Societies, to hold General Meetings (GM), including Annual General Meetings (AGM) even where the governing documents do not permit such to be held virtually and in some cases, explicitly require a minimum number of Members/Shareholders to be physically present.
Whilst not law yet, the proposals temporarily allow organisations to hold an AGM or GM during the six months from 26 March to 30 September virtually and the measures are also to be applied retrospectively.
For those forced to postpone AGMs due to be held after 26 March, they will also be given a limited period after the Bill is passed to hold those AGMs for a maximum period of up to eight months; Regulations to follow.
Whilst these measures will be welcomed by many, they are temporary and will not alleviate these issues for the long term. Rules, constitutions and Articles should therefore still be reviewed and amended to ensure that the organisation can continue to function in the long term.
For any advice in respect of the Government proposals, governance arrangements generally or to seek advice about changing your governing document, please contact Sarah Patrice or a member of the governance team.
Daniel Brewer from Resonance talks about his journey into investing in enterprise with a social purpose, and discusses what the landscape looks like for social businesses post Covid-19.
On 1 December 2020 the Court of Appeal handed down judgment in Pimlett v Curo Places Limited EWCA Civ 1621 where prior judgments in the First-tier Tribunal and the Upper Tribunal were overturned.
For part 3 in this series of short podcasts, Chris Lloyd-Smith interviews senior associate Madhur Sharma on how she has been coping during these unprecedented times.
On 26 November 2020 further changes to the 'Building Regulations: Fire safety - Approved Document B' will take effect.
Last week, the NHF published its final version of its new Code of Governance and made some important changes from the previous draft that will impact on those housing associations looking to adopt it.
As the end of 2020 beckons, we take a look at what progress the Sterling market has made in its preparations for the end of the London Interbank Offered Rate (LIBOR) on 31 December 2021.
Finally, there is a glimmer of hope that perhaps the Covid-19 pandemic could be reaching its end.
For part 2 in this series of short podcasts, Chris Lloyd-Smith interviews senior associate Lisa Whitehouse on how she has been coping during these unprecedented times.
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