Victorian values are no longer applicable

Article Abstract:

British company law is still influenced by 19th century business concepts. ln the 1800s, it may be permissible to think of a company as a profits maximization vehicle created exclusively to further the interests of its shareholders. Such a view no longerholds true in the 20th century when a company has come to be accepted as an economic unit with various stakeholders, including the shareholders as providers of capital, the employees as providers of labor, the creditors and the public. Given the new corporate environment, the internal checks and balances applied to traditionally structured organizations no longer apply to modern companies. Among the measures that should be considered to bring companylaw out of the 19th century are disallowing firms to represent other interests other than their full-time management's, and making directors and auditors accountable to a broader range of people.

United Kingdom, Corporations, Corporation law, Corporations, British

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How should I help Natasha?

Article Abstract:

A British Chartered Accountant reflects on the advice he should give to a young woman wanting to become an accountant. He is concerned that accountancy training in 2000 does not give students the right experience.

Methods, Auditing, Institute of Chartered Accountants in England and Wales, Membership, Training, Accountants

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Demotivating the professions

Article Abstract:

The unfavourable publicity given to some UK professions after mistakes are made is discussed, with focus on the effectiveness of the subsequent tightening of regulations following such incidents.

Practice, Teachers, Professions

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