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This new workshop will provide delegates with a practical and detailed understanding of how public bodies can meet their role as shareholder of newly established trading companies.
26 April 2018Starts: 10:00Ends: 15:30
CIPFA Mansell Street77 Mansell StreetLondonE1 8AN[See map]
£325.00 excl VAT
£295.00 excl VAT
The last few years have seen a huge growth in public bodies setting up external trading companies to generate additional income. It is critical that governance arrangements are clearly developed, as the company will be managed by the board and the company’s senior staff. Nevertheless, safeguards and arrangements for oversight which protect public bodies from poor performance and excessive risk taking are required. It is also vitally important that arrangements are put in place that makes it clear which decisions the directors can only make with the approval of the public body.
A thoughtful shareholders’ agreement can be one of the most valuable tools a public body can create when setting up trading companies. For a public body, one of the most important factors is that a shareholders’ agreement can obligate it to vote for certain individuals to the board of directors to ensure continuity of leadership, and ensure the aspirations and ethos of the public body is maintained by the trading company while maintaining commercial independence.
Public sector transformation, commercial directors, managers, accountants, lawyers and finance managers who want to understand implications of setting up trading subsidiaries and agreeing a robust shareholder agreement.
The event will help you to:
Four and a half.
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