Loving your website!
I note from your accounts for the year ended 30 April 2016 that the company received a director’s loan which was interest free and unsecured but for the fullness of my reply I will cover loans that may or may…"
Interesting question; director’s conflict is one of the main reasons CIC's fail and with a little forethought at the outset could easily be avoided.
Removing a director
Removing a director from their employment and office can be a…"
Yes file an AP01 online through to CH exactly the same as for an ordinary director. This would satisfy the funders because they are directors subject to company law, albeit with reduced authority.
As a footnote, ensure your…"
Some great questions here on growth, funding, governance and control. The circumstances that you are facing have certainly been met by other CICs and I will do my best to advise on what I view as the best way forward.
If you have a service agreement this may contain a provision concerning how to resign as a director of the company, there is often a notice period and a process to follow. If you do not have a service agreement or it is silent on…"
"Hi Claire – great question!
The CIC Regulator’s Annual Reports confirm that a high number of complaints concern director disputes and a significant number of dissolutions result from director fall-out. What starts as an…"