Blog Articles

What is a turnaround specialist? How can they help my business? A turnaround specialist is a professional who specialises in helping distressed or underperforming companies overcome financial difficulties and restore their profitability. These specialists have expertise in assessing troubled businesses, identifying the underlying problems, and implementing strategies to turn them around. They typically have a deep understanding […]

Company at risk of going bust? directors should take immediate action to address the situation and try to turn the company around. Michael Tait offers some steps to consider: Assess the Situation: Directors should conduct a thorough assessment of the company’s financial position, including cash flow, outstanding debts, and overall financial health. This evaluation will […]

Legal repercussions for directors: When UK company directors fail to meet their fiduciary duties, they may face legal repercussions and potential liabilities. The specific consequences can vary depending on the nature and severity of the breach, but here are some of the common legal repercussions: Breach of Duty Claims: Shareholders, creditors, or other affected parties may […]

The fiduciary duties of a company director are set out in law and executive and non executive directors are equally bound in their governance of the company. Company directors play a crucial role in the governance and management of businesses, acting as stewards and decision-makers on behalf of shareholders and other stakeholders. In the United […]

An effective board of directors demonstrate several key qualities and practices that enable it to fulfil its responsibilities, provide strategic guidance, and contribute to the success of an organisation. Here are some factors that make a board of directors effective: Clear Roles and Responsibilities: An effective board has well-defined roles and responsibilities for both individual […]

Michael Tait sets out the 8 things that make a great board. A good board of directors possesses several key characteristics and attributes that enable it to effectively fulfil its responsibilities and contribute to the success of an organisation. Here are some factors that make a board of directors exemplary: Diversity and Expertise: A good […]

The Role of the Board of Directors. Introduction: Role of the Board In today’s complex and rapidly changing business landscape, the role of the board of directors has become more critical than ever before. The board serves as the backbone of corporate governance, providing strategic guidance, oversight, and accountability to safeguard the interests of stakeholders […]

Corporate Governance Meaning – refers to the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company’s stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. The goal of corporate governance is to ensure that a company is managed in […]

An Independent Chairman is a board member of a company who is not affiliated with the company’s management or shareholders. An Independent Chairman is selected by the board of directors to provide an objective perspective and ensure that the interests of all stakeholders are being considered. They are not involved in the day-to-day operations of […]

What are the main types of coffee beans? There are two main types of coffee beans: Arabica and Robusta. Here’s a brief overview of each: Arabica: Arabica beans are generally considered to be of higher quality and are the most commonly grown coffee beans in the world. They are grown at high altitudes, which gives […]