NEDonBoard

An evening at the NED Awards

NEDonBoard had the pleasure of attending the 2019 NED Awards ceremony on 27th March. The event took place at the Claridge Hotel in Mayfair. It recognised the work and contribution of non-executive directors, chairs and senior independent directors across 7 categories: Not–for–Profit/Public Service Organisation, Private/Private Equity Backed, FTSE AIM, FTSE All Share, FTSE 100, Dame…

Clyde & Co

DEFERRED PROSECUTION AGREEMENTS – SHOULD THEY BE TAKEN OFF THE SHELVES? – Clyde & Co

  Since the introduction of Deferred Prosecution Agreements (DPAs) into the UK in February 2014 there have been four reported cases to date (Standard Bank, XYZ, Rolls-Royce and Tesco).  DPAs are appealing to both corporates and the Serious Fraud Office (SFO). They allow corporations to escape criminal prosecution by paying a fine and improving compliance. This…

The collapse of Patisserie Valerie offers some key lessons for non-executive directors and board members. Find out what these lessons are!

On Tuesday 22nd January 2019, Patisserie Valerie announced that it failed to secure an extension to its lending facilities and that it had to collapse into administration. Patisserie Valerie is the latest high-profile company to collapse because of fraud and inaccurate data. This raises some of the exact same issues as the collapse of Carillion…