Talking Business: 2018 Quiz of the Year
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We have started 2018 wondering what kind of Brexit deal we’d have and what implications it would have for our clients. We end 2018 still wondering what kind of a deal we’re going to get! Despite this, there have been lots of non-Brexit related developments that we’ve covered in 2018, but can you remember them?
Grab a mince pie and a mulled wine and take the Talking Business quiz of the year 2018! (There’s no prize; just a quiet glow of smug satisfaction).
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Superstar! Well done, you’re our favourite reader!
Thanks for getting involved in the 2018 Talking Business quiz! We hope you enjoyed it!
Merry Christmas and a Happy New Year from the Talking Business team!
Question 1 of 12
In January we blogged about the collapse of Carillion and whether the new UK Corporate Governance Code would have saved the company. A key concern was the excessive levels of executive pay Carillion’s directors received and this was a factor in the introduction of a new public register. What percentage of votes against a resolution will see a company appear on this register?
Question 2 of 12
We wrote about the proposed timetable for the new register of foreign entities owning UK property. When is the register due to be operational?
Question 3 of 12
In March we blogged about the new laws designed to make it easier for company executives to remove personal addresses from the public register. There are concerns that with information being freely available, directors are at risk of violence and intimidation, as well as fraud. But in what year did information become freely available on Companies house?
Question 4 of 12
It’s not been a great year for politicians but which one became the first major casualty of the PSC regime?Correct
CORRECT – Good answer! Mr Hunt was referred to the parliamentary standards commissioner after he delayed declaring a significant interest he holds in a property company. Read the April blog here.Incorrect
WRONG – Oh dear, the answer was b! Mr Hunt was referred to the parliamentary standards commissioner after he delayed declaring a significant interest he holds in a property company. Read the April blog here.
Question 5 of 12
We blogged on a case which involved company directors making a false solvency statement in relation to a reduction of capital. The directors made the statement despite knowing, what?
Question 6 of 12
In June, we blogged on the new requirement for large private companies to state which corporate governance code they have applied and how it has been applied. But what’s the name of the new corporate governance principles for private companies?
Question 7 of 12
One of our July blogs looked at a case in which a share purchase agreement was rectified as it did not include the whole of the land intended to be the subject of a sale. What are the two grounds for rectification?
Question 8 of 12
We considered guidance issued by the CLLS relating to guarantees, interest-free loans and distributions. In particular, we focused on the impact of this on hive-ups and any related intra-group loan. But what is a hive-up?Correct
CORRECT – Good answer! This blog looked at what directors should bear in mind to prevent the transaction being classed as a distribution.Incorrect
WRONG – Oh no, that is wrong, the answer was c. This blog looked at what directors should bear in mind to prevent the transaction being classed as a distribution.
Question 9 of 12
In September we looked at the new Copyright Directive which is intended to harmonise aspects of copyright law in the digital single market. One part of the Directive will see the introduction of what is being dubbed ‘the link tax’. What is this?
Question 10 of 12
Elon Musk, CEO of Tesla, was fined for making a “false and misleading” statement in a tweet. What is Tesla famous for manufacturing?
Question 11 of 12
We wrote about the introduction of new guidance to help directors comply with the section 172 duty. What does section 172 Companies Act 2006 relate to?Correct
CORRECT – Good answer! The GC100 published the practical guidance on how directors can demonstrate compliance with their section 172 duty. Read the blog here.Incorrect
WRONG – No, the answer was b. The GC100 published the practical guidance on how directors can demonstrate compliance with their section 172 duty. Read the blog here.
Question 12 of 12
This month we wrote about the director of a nightclub who failed to maintain adequate accounting records. For how long was he banned from managing a company?