Newsletter
Week 40, 2008
STOP PRESS......
New "Directors' Conflict of Interest" duties from October 2008
Under the new rules, directors must avoid a situation in which they can have a direct or indirect interest that conflicts with the interests of the company (such as use of any information or opportunity).
Directors are also prohibited from accepting benefits from third parties that are offered to them and under statutory duty to declare to other directors the nature and extent of any personal interest they have in any transaction or arrangement that their company proposes to enter into.
.
TIP OF THE WEEK
Don't Wait Too Long to Become an Entrepreneur
Would you like to leave the corporate world and start your own business, but are waiting for everything to fall into place? If so, then you are acting on "big-company habits" that will not work in a start-up. Long tenures in corporate jobs make you less and less self-reliant, because you become accustomed to delegating most tasks outside of your core skills - an impossible luxury in a start-up.
When should a would-be entrepreneur make the leap from a big corporation to his/her own start-up? Entrepreneurs are more effective at building new ventures once they have attained a certain level of maturity and self-knowledge, but new research shows that 76% of founder-CEOs of successful new businesses had worked less than 20 years before founding their first ventures, and made the leap by their mid-40s.
.
ARTICLE OF THE WEEK
Note to Investors: Don't Play Games with Asset Allocation
For investors, 2008 has been a nightmare, shrinking the holdings of millions of ordinary people who have put their faith into stock markets. But it would be a mistake to abandon classic long-term personal finance principles in the face of recent challenges. The 60% stocks, 30% bonds and 10% cash approach is still the best strategy, and Wharton finance professors Jeremy Siegel, Richard Marston and Franklin Allen explain why.
.
NEWSFLASH OF THE WEEK
Government acts on HBOS - Lloyds TSB merger proposals
The Secretary of State for Business and Enterprise John Hutton announced his intention to issue an intervention notice in the proposed merger of HBOS and Lloyds TSB on public interest grounds to ensure the stability of the UK financial system, when the House returns after Summer recess.
Under Section 42 of the Enterprise Act 2002, the Secretary of State can extend public interest grounds, as currently they cover only plurality of media ownership and national security. His decision follows advice from the UK Tripartite Authorities (HM Treasury, Bank of England and the Financial Services Authority).
.
EVENT FO THE WEEK
Brand Licensing Euro Expo 2008
When: 1-2 October 2008
Where: Olympia, London
Cost: free
Anyone with an interest in the business of brands, licensed product or consumer trends should make attending Brand Licensing Europe 2008 a professional priority. The event will give you unrivalled insight into what’s new, what’s hot and what will touch the consumer’s heart this year
Click here to register.
Week 40, 2008
STOP PRESS......
New "Directors' Conflict of Interest" duties from October 2008
Under the new rules, directors must avoid a situation in which they can have a direct or indirect interest that conflicts with the interests of the company (such as use of any information or opportunity).
Directors are also prohibited from accepting benefits from third parties that are offered to them and under statutory duty to declare to other directors the nature and extent of any personal interest they have in any transaction or arrangement that their company proposes to enter into.
.
TIP OF THE WEEK
Don't Wait Too Long to Become an Entrepreneur
Would you like to leave the corporate world and start your own business, but are waiting for everything to fall into place? If so, then you are acting on "big-company habits" that will not work in a start-up. Long tenures in corporate jobs make you less and less self-reliant, because you become accustomed to delegating most tasks outside of your core skills - an impossible luxury in a start-up.
When should a would-be entrepreneur make the leap from a big corporation to his/her own start-up? Entrepreneurs are more effective at building new ventures once they have attained a certain level of maturity and self-knowledge, but new research shows that 76% of founder-CEOs of successful new businesses had worked less than 20 years before founding their first ventures, and made the leap by their mid-40s.
.
ARTICLE OF THE WEEK
Note to Investors: Don't Play Games with Asset Allocation
For investors, 2008 has been a nightmare, shrinking the holdings of millions of ordinary people who have put their faith into stock markets. But it would be a mistake to abandon classic long-term personal finance principles in the face of recent challenges. The 60% stocks, 30% bonds and 10% cash approach is still the best strategy, and Wharton finance professors Jeremy Siegel, Richard Marston and Franklin Allen explain why.
.
NEWSFLASH OF THE WEEK
Government acts on HBOS - Lloyds TSB merger proposals
The Secretary of State for Business and Enterprise John Hutton announced his intention to issue an intervention notice in the proposed merger of HBOS and Lloyds TSB on public interest grounds to ensure the stability of the UK financial system, when the House returns after Summer recess.
Under Section 42 of the Enterprise Act 2002, the Secretary of State can extend public interest grounds, as currently they cover only plurality of media ownership and national security. His decision follows advice from the UK Tripartite Authorities (HM Treasury, Bank of England and the Financial Services Authority).
.
EVENT FO THE WEEK
Brand Licensing Euro Expo 2008
When: 1-2 October 2008
Where: Olympia, London
Cost: free
Anyone with an interest in the business of brands, licensed product or consumer trends should make attending Brand Licensing Europe 2008 a professional priority. The event will give you unrivalled insight into what’s new, what’s hot and what will touch the consumer’s heart this year
Click here to register.
Copyright © 2008 Entelliz Limited
