Financial reporting is a long procedure. In this TV show Sarah Hawes discusses complex process of disclosure for directors. Financial reporting follows multiple legislations It is complicated because of the number of places that company secretaries, directors, or other advisors need to look to, to find all of the various [...]
Financial reporting is a long procedure. In this TV show Sarah Hawes discusses complex process of disclosure for directors. Financial reporting follows multiple legislations It is complicated because of the number of places that company secretaries, directors, or other advisors need to look to, to find all of the various [...]
Sarah Hawes, Professional Support Lawyer – Corporate, Herbert Smith Freehills LLP on how Directors don't take a short-term view
I’m not sure there’s been a culture change because I’m not convinced that there was necessarily anything that broken.
I think with the codification of directors duties in the Companies Act 2006, all directors stopped and thought again about how to be good directors and to promote the success of their company for their benefit of the members as a whole.
I’m not as convinced as perhaps some of our national press are that short-termism is such a problem.
If you look at the way a lot of directors remuneration packages for example are structured, there are longer term incentives and share schemes that require them to actually invest some time and effort going forward in their businesses.
