Roger champions next stage of Red Tape Challenge
February 16, 2012
Dr Roger Barker, head of Corporate Governance at the IoD, has been appointed by the government as Company Law Champion in the next stage of the Red Tape Challenge.
For a three-week period between January 26 and February 16, the focus of the challenge has been company law.
The IoD has been working with its members and the business community to consider ways in which company law regulations can be improved, simplified or abolished.
As Company Law Champion, Dr Barker will assist the Government in the evaluation of the public’s ideas, and he will seek to champion any that could lead to a simplified and more business-friendly legal framework.
Areas of company law regulation being considered by the process include:
- Internal workings of companies and partnerships: Rules on shares and share capital, requirement to hold information at business premises and rules on meetings and resolutions.
- Accounts and returns: The content, form and auditing requirements of financial accounts and other reports.
- Business names: The rules covering company names
- Disclosure of company information: The regulations covering the information companies must supply to the official register.
Dr Barker said: “The Red Tape Challenge is an excellent opportunity for companies to get their voice heard and help inform Government thinking and policies.
“Companies need to spend time on doing business and growing, not filling in forms for no reason.”