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Moore Stephens Jersey has launched its new Board Evaluation
Service, primarily aimed at Jersey funds affected by the new Codes
of Practice, which provides the opportunity for boards to create a
virtuous circle of sustained improvement and competitive advantage
by promoting best leadership practice for company strategic and
operational decision-making, oversight, risk management and
accountability.
Phillip Callow, Partner of Moore Stephens Jersey who heads up
the Board Evaluation Service commented, "Effective Board
leadership is critical to business success, especially in the face
of increasing market complexity, high investor expectations and
critical public opinion."
If good leadership is in place, regulatory requirements will
automatically be met. Periodic and robust evaluations should form
an important element of best practice, whether for listed or
unlisted funds.
The recently released Codes of Practice for Certified Funds
encourages the adoption of rigorous self-review measures as of
2nd. April 2012. They comprise the most recently issued
additional governance measures published by the Jersey Financial
Services Commission.
The Moore Stephens Board Evaluation Service offers an immediate
solution to this requirement.
Moore Stephens Jersey has the expertise to precisely and
sensitively collect, analyse and report data to clients, with
clarity and discretion. Board directors are given the means to
conduct self-assessments through tailored questionnaires and
informal interviews. The data is presented as clear and actionable
business intelligence.
Boards can adapt the scope and scale of the assessments to meet
their specific needs across the breadth of regulatory, risk
management and other governance requirements. The number of
questions and topics examined can be tailored to each specific
case, as can the order of priority. The evaluation will highlight
strengths as well as those areas that may need to be improved. It
is invaluable for demonstrating excellence to shareholders whilst
gaining critical management information for the highest level of
corporate governance.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Cayman Finance, which represents much of the financial community in the Cayman Islands submitted a letter on May 22nd highlighting massive inaccuracies in an article by Sir Simon Jenkins.
One of the fundamental principles of company law is that a lawfully incorporated company has a legal personality and identity that is separate from its directors or shareholders.
Reports in the UK suggest a dossier of more than 100 names of people with money here, and other tax free jurisdictions, has been compiled to find those who are avoiding paying tax.
14 May 2013 (Cayman 27) The head of Cayman Finance has rejected claims from economist Jeffrey Sach that some residents here sit on hundreds of hedge fund boards.
Following on from our recent article on the Companies Act 2011, the Companies Act 2012 further demonstrates the Isle of Man’s commitment to seeking transparency in the ownership of companies.
As the private client industry in Jersey seeks to attract clients from the emerging jurisdictions it is likely to become increasingly involved with putting in place succession planning and asset protection structures that relate to family businesses.
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