IMA cautions on details of DTI company law paper

Professional Adviser
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The IMA gave a 'broad welcome' but retained some key reservations about the Government's White Pa...

The IMA gave a 'broad welcome' but retained some key reservations about the Government's White Paper, "Modernising Company Law", released in July 2002, which is aimed at improving corporate governance. The IMA has welcomed the key proposals which codify directors' duties and make mandatory the Operating and Financial Review, a narrative on a company's business, its performance and future plans. But the IMA still holds reservations about some of the paper's details such as the reduction of the notice period for the AGM from 21 to 14 days which may not give shareholders enough t...

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