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Ian Plumbley's Business Blog

Ian Plumbley is a business developer, contact Ian on +1 310 379 1674 if you want him to help turn your business, that is good at what it does, into a business that is great and profitable at what it does. Focussing on your Sales, Marketing and Operations will help improve your return on investment. © Copyright Ian Plumbley 2005 - 07

03 November 2005

Does this really make sense?

Corporate governance overhaul Alan Johnson, trade secretary, was expected to publish a Bill today designed to overhaul corporate governance. Critics have said that the proposals could increase litigation against directors by shareholders - driving up liability insurance rates. Ministers have said that they would cut red tape and save businesses around £250m a year. Under the Bill, companies would no longer have to appoint a company secretary or hold AGMs and auditors' liability, in the case of client negligence, could be limited. The CBI said that the deregulatory aspects of the legislation would benefit SMEs in particular.

Times Online News Article

I agree in reducing red tape for SME's however, if corporation start adopting these rules is this a chance for another Enron?


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