7 Reasons To Outsource Your Company Secretarial Function eBook

Corplaw Blog

Board Meetings – Practice and Protocol Guidelines

Posted by Corplaw on Oct 8, 2015 2:30:25 PM

Practice and protocols with regard to board meetings can differ considerably from one organisation to another. Yet it is important for all boards and their members to follow basic principles in order to become more efficient and effective. The following general guidelines can be of assistance in running a productive board meeting.

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Topics: Corporate Governance, Directors, Compliance, CoSec, Meetings

Summary Approval Procedure Under Companies Act 2014 - A Brief Guide

Posted by Corplaw on Jul 14, 2015 9:45:00 AM

The new Companies Act 2014, which commenced on 1 June 2014, aims to radically reform and simplify company law in Ireland. The new Act aims to streamline certain transactions and reduce the compliance burden on companies.

One of the new procedures introduced is known as the Summary Approval Procedure (‘SAP’) and is covered in Chapter 7, Part 4 of the Companies Act 2014. It combines several validation procedures from previous Acts into a single process. It enables companies to engage in certain restricted activities, subject to those parties that the restrictions are designed to protect (such as shareholders or creditors) granting their consent.

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Topics: Ireland, Legal, CoSec