21 October 2016 by Henry Ker
The latest governance stories in the news
With two weeks until the 31 October deadline for filing accounts with the Charity Commission, the regulator has revealed that there are 1,579 charities yet to file.
These relate to charities which last reported an income of more than £250,000 and have a financial year ending December 2015.
‘Failing to file, or filing late, can affect your charity’s reputation as well as jeopardise public trust in charities more generally,’ the Commission said. ‘The Commission takes failure to file very seriously and will take action where necessary.’
The Commission also shared some of the reasons charities have given for not filing on time with Civil Society Media, including:
11.5% of partners at UK private equity groups and hedge funds were women in 2015, compared to 10% in 2014, according to research by executive search firm DHR International.
DHR’s study shows in 2015, 405 partners, out of 3,509, were women. In 2014, there were 378 female partners out of 3,666. The figures show slow progress being made, although any progress is encouraging.
The data was compiled from the Financial Conduct Authority via a Freedom of Information request.
The European Commission is planning to relaunch proposals to create an overarching set of rules for calculating taxable profits. It would cover corporations with annual turnover of more than €750 million and which are tax-resident in a European country.
The proposed legislation’s intention is to curb profit-shifting by multinational corporations – this is commonly used to reduce tax liabilities on income.