Directors could face stiffer penalties for negligence or breaches of duty
under a shake-up of rules expected on tomorrow’s Company Law Reform bill.
Early indications are that the bill will include provisions for investors to
sue directors more easily. Speculation about the bill suggests that a technical
change to a mechanism for bringing claims against directors will increase
It is also anticipated that clauses limiting auditors’ liabilities through
the idea of ‘proportionate liability’ are set to get the nod.
The move will mean auditors are only held liable for mistakes in proportion
to their responsibility, rather than necessarily for all losses that may follow
from an error.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements