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THE GUIDANCE AND/OR ADVICE CONTAINED  IN THIS WEBSITE IS SUBJECT TO THE UK REGULATORY REGIME AND IS THEREFORE PRIMARILY INTENDED FOR CONSUMERS RESIDENT IN THE U.K.

 

Finantium is an appointed representative of Financial Limited which is authorised and regulated by the Financial Services Authority

From now on, a company’s chairman no longer has a casting vote, according to the new Companies Act.

 

This could lead to deadlock in the boardroom when votes are split evenly, unless they re-write their articles of association to restore the chairman’s casting vote.

 

Apparently the government has identified this error but it is not clear when they will remedy it.

 

Source: Jordan’s - the UK’s biggest independent providers of business services and information to companies.

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