ISS advocates AGM vote abstention for ex-Carillion audit chair Andrew Dougal

By Kevin Reed

Governance adviser ISS recommends to clients they abstain from voting in favour of Andrew Dougal’s reappointment at Victrex, until his role in Carillion’s collapse is clarified.

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Confidence high in harassment and misconduct policies after Weinstein

By Gavin Hinks

Few organisations have overhauled their harassment and misconduct policies, despite the Harvey Weinstein scandal and the #metoo campaign.

The post Confidence high in harassment and misconduct policies after Weinstein appeared first on Board Agenda.

From:: Confidence high in harassment and misconduct policies after Weinstein

ISS recommends AGM vote abstention for ex-Carillion audit chair Andrew Dougal

By Kevin Reed

Governance adviser ISS recommends to clients they abstain from voting in favour of Andrew Dougal’s reappointment at Victrex, until his role in Carillion’s collapse is clarified.

The post ISS recommends AGM vote abstention for ex-Carillion audit chair Andrew Dougal appeared first on Board Agenda.

From:: ISS recommends AGM vote abstention for ex-Carillion audit chair Andrew Dougal

National Statistics: Insolvency Statistics: October to December 2017

By HM Government

This statistics release contains the latest data on company insolvency (companies which are unable to pay debts and enter liquidation, or enter administration or other company rescue process) and individual insolvency (people who are unable to pay debts and enter formal procedures).
Statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.

Main messages

Companies in 2017

The underlying number of company insolvencies increased in 2017, driven by a rise in creditors’ voluntary liquidations.
All other types of company insolvency decreased compared with 2016.
People in 2017

Total insolvencies rose for the second consecutive year, returning to the levels seen in 2013 and 2014.
This increase was driven by individual voluntary arrangements, which reached the highest recorded annual total.
Latest quarter (Q4 2017)

Company insolvencies increased because of a bulk insolvency event, but the underlying number of company insolvencies decreased.
Individual insolvencies remained stable compared with the previous quarter.
Advance notice of change of methods

In accordance with our revisions policy, we are pre-announcing a planned change to the method used to calculate the number of company insolvencies each quarter.
Currently, company insolvencies are counted from the date the insolvency started, with statistics for the most recent quarter being an estimate based on incomplete data. Recent instances of bulk insolvencies of connected companies have had an impact on the quality of these initial estimates.

To address this, from April 2018, most company insolvencies will be counted from the date of registration. This means that statistics will no longer be estimated and then revised between quarters, and we will be able more readily to identify and account for bulk insolvencies.

Further information about this change is available on our website.

If you have comments or feedback regarding this change, please contact the Insolvency Service’s statistics team via email at statistics@insolvency.gsi.gov.uk

From:: National Statistics: Insolvency Statistics: October to December 2017

Official Statistics: Individual voluntary arrangement outcomes and providers 2017

By HM Government Main Message

The percentage of IVAs failing within the first two years has increased.
Over 10% of IVAs registered in 2010 and 5% in 2009 were still ongoing, having started around 7 or 8 years earlier.
Ten IVA providers accounted for over 80% of new IVAs registered in 2017.

From:: Official Statistics: Individual voluntary arrangement outcomes and providers 2017