Moving with the times
With the introduction of the updated Companies Act 2006 just around the corner, Alan Tickner offers an in-depth explanation as to the reasoning behind the new legislation and what it means for businesses and directors in the insurance industry
A generation of businesses - whether entrepreneurs, owners or directors - have abided by the rules and regulations covered under the Companies Act 1985, which deals with issues such as expected levels of behaviour and execution of their duties on a day-to-day basis.
However, this Act is on the verge of being replaced with new legislation that defines key changes affecting companies in a clearer and easier to understand format. By default, the Companies Act 2006 is set to become the reference for
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