Current work

AGM
Legal Committee
Accounting Standards Committee
Corporate Governance Committee
Markets and Regulation Committee
Share Schemes Committee
Tax Committee
NOMAD Committee

AGM

The 2008 AGM will take place on Tuesday 7 October. To download 2007 relevant information please click on the links below.

2007 Minutes (pdf)
2007 Notice (pdf)
2007 Report & Accounts (pdf)

For more information, or if you have any queries, please call Chris Stapeley on 020 7600 3745.

Legal Committee

Recently, the Legal Committee met with:

• Professor Paul Davies to discuss his review of directors' liability;
• Representatives from the DTI to discuss recent consultations; and
• Lord Hodgson of Astley Abbots to discuss the Companies Act.

Recent consultation responses:

• EC - Call For Evidence regarding private placement regimes in the EU
• DTI - Cross-Border Mergers Directive
• Davies Review of Issuer Liability

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Accounting Standards Committee

Lobbying aims:

• Governance of the International Accounting Standards Board (IASB)
• The role of stewardship in financial reporting
• Convergence of standards
• The needs of users

The committee has developed a statement of accounting principles. To find out more click here.

The QCA has developed, with City Group and IRS, a more appropriate model for SQCs for calculating share option schemes under the new accounting rules.

For further details or a copy of the The QCA-IRS Option Valuer click here

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Corporate Governance Committee

An Audit Committee Guide for Smaller Quoted Companies will be launched in Autumn 2008.

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Markets and Regulation Committee

The Markets and Regulations committee is currently working on a response to the European Commission on Fostering an Appropriate Regime for Shareholders' Rights.

The committee recently met with David Bennett, Chief Executive of the Association of Private Client Investment Managers and Stockbrokers (APCIMS).

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Share Schemes committee

The committee met recently with representatives from HMRC, including Colin Gibson, Head of the Employee Share Schemes unit, to discuss the concerns of SQCs regarding share scheme rules.

To reflect a number of changes to the tax and legal structure of employee share schemes the committee has produced a revised series of QCA guides to Employee Share Schemes. To find out more and order your set click here.

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Tax committee

The Tax Committee met with the senior policy representative responsible for Capital Gains Tax from HM Treasury to discuss the removal of business asset taper relief.

The committee successfully lobbied the Government to withdraw a proposal to align filing dates for tax returns with submitting accounts to Companies House.

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NOMAD Committee

Along with the Legal and the Markets and Regulations committees, the NOMAD Committee submitted the QCA response to the London Stock Exchange regarding the AIM rules.

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