Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Royston Wild | Tuesday, 1st June, 2021 | More on: RWA RYA Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Get the full details on this £5 stock now – while your report is free. 2 of the best reopening stocks to buy in June I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. FREE REPORT: Why this £5 stock could be set to surge Our 6 ‘Best Buys Now’ Shares Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address UK share prices are back on the ascent as optimism around the economic recovery improves. I myself have my eye on several reopening stocks whose profits could be about to explode as Covid-19 lockdowns end. Here are a couple of the best that are on my list today.Riding the jobs recoveryBuying shares in London-listed recruitment stocks is a great way to ride the economic recovery, in my opinion. And I think Robert Walters (LSE: RWA) is a particularly-attractive reopening stock because of its dirt-cheap price. City analysts think earnings here will rise 180% year on year in 2021. This leaves the company trading on a forward price-to-earnings growth (PEG) ratio of just 0.2. A reading below 1 suggests that a UK share could be undervalued.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Data from the UK illustrates how strongly profits could be about to explode at Robert Walters and its peers. According to the Chartered Institute of Personnel and Development, employers in Britain — a territory responsible for a quarter of Robert Walters’ net fees — are planning to take on staff at their fastest pace for nine years.I think this particular reopening stock is a great pick for long-term investors too. Asia is Robert Walters’ single largest territory, one which I expect to deliver mighty income growth as economic conditions there boom. But I have to remember that companies like this are only as good as the talent they are looking to find jobs for, however. And a brain drain among its candidate pool versus that of its rivals could hit profits hard.Another top reopening stock to buyThe flight plan for Ryanair’s (LSE: RYA) recovery remains packed with risk. But I still think it could prove to be a clever buy, despite its current perils.Covid-19 infection rates across much of mainland Europe have trended lower in recent weeks, leading to hopes that the Irish flyer’s planes could be back in the skies en masse before too long. But there’s a long way to go before the public health emergency is over and spikes like that currently being reported in Britain will be greeted with fresh dismay.As a long-term investor though, I think Ryanair could be considered a very attractive reopening stock to buy today. Thanks to the €1.2bn Eurobond the company issued last month it retains one of the strongest balance sheets in the industry. I’m confident that it will have the financial might to overcome the Covid-19 crisis and to ramp up capacity quickly as lockdowns are phased out.Passenger demand for low-cost plane tickets rocketed during the first couple of decades of the century. I’m confident that they will remain the driving force behind the wider aviation industry when the pandemic finally ends too. And this particular reopening stock has a considerable geographical footprint from which to exploit the market to its fullest. See all posts by Royston Wild
SVP reports drop in income Howard Lake | 20 January 2014 | News Tagged with: Finance Individual giving Ireland AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 29 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. One of Ireland’s largest fundraising charities has reported a fall in income of €1.5 million in 2012, according to its latest accounts.St Vincent de Paul (SVP) had a gross income of €78.5 million in 2012, down from just under €80 million in 2011. Donations and legacies were down by nearly €3 million while income from shops and other trading activities was up nearly €2 million to €31 million.Church gate collections, long the most traditional and significant income source for SVP, held up at just under €11 million but legacy income was down nearly €2 million to €7 million. Donations at €21 million were only slightly down in 2012.The accounts include income for SVP Northern Ireland which is believed to be around £2 million. The charity registered some significant write down on its property assets in 2012 but had net funds of just over €73 million.Recent newspaper reports indicated that SVP along with other charities not connected to the ‘top up’ scandal saw their income fall in the vital pre-Christmas period. SVP was one of several charities which received a special donation from the government in December.
Home Indiana Agriculture News Asian ASF Outbreak Continues to Get Worse, Now Hitting Hong Kong Previous articleAg Groups React to Trade Mitigation PackageNext articlePlanting Forecast Remains Wet Through Early June NAFB News Service SHARE SHARE By NAFB News Service – May 23, 2019 China’s gateway city of Hong Kong is now officially positive for the African Swine Fever Virus. A news release from the National Pork Board says that means the country is nearly 100 percent covered by ASF. The toll ASF is taking on China’s hog herd is now reaching “epic proportions.” Some industry experts say the total loss could approach over 200 million animals. What makes those numbers even worse is the country’s farmers can’t seem to repopulate their herds effectively and keep the new animals from contracting the disease. That’s in spite of the fact that the farmers have depopulated their previous herds, cleaned and disinfected their facilities, and left them idle for months. Animals are still getting sick.This has led to pork shortages across the country, with some production facilities switching to other proteins like chicken and seafood to make ends meet. Last month, China’s Ministry of Agriculture released a 100-day action plan to manage the transition to the ASF self-testing system during the slaughter process and implementing a new system of stationing veterinarians at pig slaughterhouses.Canada announced it has reached a zoning arrangement with the U.S. that would allow the countries to continue trading hogs and pork products across the border with the U.S. even if African Swine Fever is detected in either country. Politico says trade would continue in “disease-free zones” that would be designated to help contain an outbreak, following the World Organization’s Animal Health guidelines. Pork is a multi-billion dollar industry in both countries.Consequently, regulators from both nations have been working for weeks on plans to manage and mitigate an outbreak should the deadly pig disease make it up to North America. African Swine Fever is decimating hog herds in China, as well as making its way into European countries. It’s a trend that’s already affected global commodity markets and is expected to influence soy exports to China for years. Asian ASF Outbreak Continues to Get Worse, Now Hitting Hong Kong Facebook Twitter Facebook Twitter
News RSF_en to go further Fixer for foreign reporters held in Aden for past five months United Nations: press freedom situation “deeply worrying” in Yemen, according to RSF News Help by sharing this information Reporters Without Borders (RSF) condemns an attack by a South Yemeni separatist group on the office of the state-owned news agency Saba in Aden, in southern Yemen, on 3 July. The armed attackers ransacked the premises but caused no injuries. A statement issued by the Yemen Journalists Syndicate held the Southern Transitional Council – a group led by former Aden governor Aydarus al-Zubaydi that wants an independent southern Yemen – responsible for the attack and called on the security services in Aden to put a stop to such actions and to protect the news agency’s building and journalists.In a communication sent to RSF, the STC denied any responsibility.”Media outlets are vital observers, not the actors of a conflict, says RSF’s Middle East desk. In no case may the journalists, or media outlets for whom they work, be legitimate targets for the parties of the conflict, and everything must be done to protect them and allow them to fulfill their essential role of information.” News News July 5, 2019 – Updated on July 12, 2019 South Yemeni separatists ransack state news agency in Aden Organisation YemenMiddle East – North Africa Condemning abusesProtecting journalists Violence YemenMiddle East – North Africa Condemning abusesProtecting journalists Violence Follow the news on Yemen Yemen is ranked 168th out of 180 countries in RSF’s 2019 World Press Freedom Index. Yemeni journalist killed, nine wounded in Aden airport explosions January 6, 2021 Find out more February 11, 2021 Find out more February 26, 2021 Find out more Receive email alerts A video posted online shows men armed with knives tearing posters and insulting Saba journalists and other employees, who were expelled from the premises and threatened. The assailants also wrote messages on the walls warning against any attempt to reopen the news agency.
News Help by sharing this information RSF_en VietnamAsia – Pacific Three more independent reporters arrested in Vietnam Reporters Without Borders voices its full support for the writers and editors of To Quoc (http://www.to-quoc.net), an independent fortnightly that has managed to keep appearing in print and online despite a campaign of threats and harassment. One of its founders told Reporters Without Borders the threats were part of a “dangerous plans by the conservatives” before the Communist Party’s next congress.“The Vietnamese authorities are trying to block the emergence of an independent press but, despite threats and arrests, there are journalists and intellectuals who continue to produce quality publications without permission,” Reporters Without Borders said.“We appeal to Prime Minster Nguyen Tan Dung to create the conditions for the emergence of a pluralist debate before the next congress, and to put a stop to the threats and violence against the staff of To Quoc,” the press freedom organisation added.Immediately after To Quoc’s first issue appeared on 15 September 2008, the people named as members of its editorial board began being harassed in all sorts of ways. One of them, army officer Dang Van Viet, asked for his name to be withdrawn from the board after getting threats.The harassment was recently stepped up. Deputy editor Nguyen Thuong Long and writer Nguyen Phuong Anh were interrogated by the police at the start of February. Police officers told the wife and children of former army colonel Pham Que Duong, To Quoc’s former publisher, a month ago that they would have serious problems finding work if they did not get him to stop collaborating with the magazine.To Quoc’s founder, geologist Nguyen Thanh Giang, was recently summoned and interrogated several times in a police station, and was threatened with reprisals if he did not shut down his “illegal” publication.”Intruders threatened to splash urine and excrement inside physician Pham Hong Son’s home on 23 March if he did not stop writing articles that are published in the magazine and posted online.Among the To Quoc collaborators who have been questioned and threatened in the past are dissident Vu Cao Quan, writer Tran Khai Thanh Thuy, writer Nguyen Xuan Nghia and Pham Hong Duc.One of the magazine’s founders told Reporters Without Borders: “To Quoc aims to help the process of democratisation in Vietnam and to defend human rights, free expression and religious freedom, always using moderate language and reasonable arguments. That is why it is respected by Vietnamese democrats inside the country and abroad, and why it is also accepted more and more by party members. Some of those in authority think To Quoc is helping peaceful evolution. But eliminating To Quoc seems to be part of the conservative plan before the party’s 11th congress.”Those responsible for producing the dissident publication Tu Do Ngon Luan have also been harassed by the police in recent months. April 7, 2021 Find out more Organisation Follow the news on Vietnam to go further VietnamAsia – Pacific April 22, 2021 Find out more RSF laureates support jailed Vietnamese journalist Pham Doan Trang April 27, 2021 Find out more News Vietnam sentences journalist Tran Thi Tuyet Dieu to eight years in prison News News Receive email alerts April 9, 2010 – Updated on January 20, 2016 Independent magazine keeps publishing despite harassment
Madras HC Restrains TANGEDCO From Charging Compensation Towards Low PF During Lockdown; Directs Levy Of Only Minimum Charges [Read Order]May 26, 2021 | By admin | No Comments | Filed in: oioiyzvto.
News UpdatesMadras HC Restrains TANGEDCO From Charging Compensation Towards Low PF During Lockdown; Directs Levy Of Only Minimum Charges [Read Order] Akshita Saxena16 Aug 2020 11:08 PMShare This – xIn a huge relief to High Tension electricity consumers in the state of Tamil Nadu, the Madras High Court on Friday directed the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) to levy only minimum charges, during the lockdown period. The Court also restrained the company from charging compensation towards low PF. “The maximum demand charges and the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a huge relief to High Tension electricity consumers in the state of Tamil Nadu, the Madras High Court on Friday directed the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) to levy only minimum charges, during the lockdown period. The Court also restrained the company from charging compensation towards low PF. “The maximum demand charges and the compensation charges levied by TANGEDCO against the petitioners who are HT consumers, is illegal, unsustainable and in violation of the statutory regulations. Accordingly, the Maximum Demand Charges and the compensation towards low PF that have been questioned in the impugned bills raised by the TANGEDCO for each of the consumers who are parties in these batch of writ petitions, is hereby quashed,” the Court ordered. The order has been passed by a Single Bench of Justice N. Anand Venkatesh who noted that the companies had been caught between the “devil and deep sea” inasmuch as, on the one hand the government asked them to shut down their establishment and on the other hand TANGEDCO was levying the Maximum Demand from them. The Court observed that if this is allowed to be continued, it will virtually lead to “permanent shutting down” of the industries, which will ultimately be detrimental to TANGEDCO itself. The Court observed, “The financial crunch that is being faced by almost all industries due to the lockdown and the huge challenge they are going to face post the pandemic is now made worse by TANGEDCO by levying the Maximum Demand Charges. TANGEDCO must understand that its attitude will kill the industries and closing down of industries will ultimately have a financial implication on TANGEDCO also. And TANGEDCO was virtually killing the goose that was laying the golden eggs.” The Court was hearing a batch of writ petitions filed by various individual industries/ their Associations, aggrieved by the decision of the TANGEDCO to levy Demand Charges and Compensation Charges. They had sought enforcement of first proviso of Regulation 6(b) of the Tamil Nadu Electricity Supply Code, 2006, which provides that in cases where the consumer is prevented from consuming electricity due to “reasons beyond his control”, the Licensee, i.e. TANGEDCO in the present case, shall recover from the consumer, Minimum Charges at 20% of the Billable Demand or Recorded Demand, whichever is higher, besides charges for the actual consumption of electricity. Noting that there was no question of opening any establishment during the Lockdown period, the Court asserted that the present case clearly fell within the ambit of the first proviso, and the consumers must be given the benefit of Minimum Charges. Opposing this finding, the Additional Advocate General had contended that the discretion is left with the TANGEDCO for deciding the applicability of the Minimum Charges even in a case which fulfils the requirements of the proviso to Regulation 6(b) of the Supply Code. Finding itself at odds with this argument the bench proceeded to observe, “If such wide discretion is allowed in the hands of the TANGEDCO, it will only lead to arbitrariness. Therefore, once a case fits in to the first proviso to Regulation 6(b) of Supply Code, the provision becomes operational without leaving any discretion to the Licensee/ TANGEDCO.” The Court further noted that an attempt had been made by TANGEDCO to portray as if it will suffer a huge revenue loss if it is made to collect the Minimum Charges. “This claim made by the TANGEDCO is without any substance. The TANGEDCO is aware of the fact that the Minimum Charges are paid as a part of fixed cost and the actual charges are paid with respect to energy charges. Therefore, TANGEDCO is not actually losing any revenue towards consumption of electricity,” the bench held. However, it has been clarified that the minimum monthly charges are payable “even when no electricity is consumed” or even where supply has been disconnected or even when the electricity supplied is less than the Minimum Charges. “For every HT consumer, there is an infrastructure that is created by the Licensee and that has to be maintained and therefore, irrespective of the fact as to whether electricity is consumed or not, these Minimum Charges provided under Regulation 6 has to be paid by a consumer,” the bench explained. The Court was also faced with the issue of compensation levied against the consumers towards low PF. The low PF compensation is a penalty imposed on the consumers where the average power factor of the consumers installation falls less than 0.90 lag. This PF is fixed to ensure that the consumer consumes the optimum power without interruptions or impediments. In the case at hand, since the establishments had been shut down due to the pandemic, there was no effective utilization of power at the consumer’s end, and therefore, TANGEDCO had levied compensation. Finding this move to be “mechanical”, the bench quashed the compensation charge bills and observed, “It is hard to think that the optimum PF can be maintained when a consumer has been asked to completely shut down his establishments. It is illogical that the TANGEDCO mechanically levied compensation for low PF even without understanding the basic fact that the establishments were completely shut down and there is no way they can utilize the optimum PF. In any event, the compensation levied is in the nature of penalty and it is now a settled law that penalty cannot be imposed without affording an opportunity since it involves civil consequences.” Virtual Hearings The order also records that the present case, involving a batch of writ petitions, was “conveniently conducted” through video conferencing. The order discloses that the entire arguments were heard by the Court through video conferencing. Every counsel had the opportunity to make their submissions to their fill. Throughout the proceedings, there were atleast twenty-five to thirty counsels who were participating in the proceedings, and the Court was also able to listen to them patiently without any interruption. The citations and other relevant documents were exchanged through e-mails and the hearing was made very effective by every counsel who presented their case before the Court. In this backdrop the bench remarked, “Virtual hearing has now come here to stay and this institution must take full advantage of it… This case in an indicator that video conferencing is going to open up new vistas in the justice delivery system even during normal court functioning. Cases which can be conveniently conducted through video conferencing must be identified and it can be heard in a relaxed manner even on a holiday when everyone is sitting at their own residence or office, provided that all the counsels involved in the case consent for such a hearing.” Case Details: Case Title: The South India Spinners Association v. e Chairman, TANGEDCO & Ors. (and other similar petitions) Case No.: WP. No. 7678/2020 (and other similar petitions) Quorum: Justice N. Anand Venkatesh Click Here To Download Judgment Read Judgment Next Story
Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Important message for people attending LUH’s INR clinic Arranmore progress and potential flagged as population grows Homepage BannerNews Breaking: Gardai in Letterkenny launch murder investigation Gardaí in Letterkenny have launched a murder investigation following the death of a 36 year old man.Gardaí were called to an incident at Sylvan Park, Letterkenny at approximately 4.49pm on Wednesday November 1st 2017.A 36 year old man had received serious injuries following an assault. He was removed by ambulance to Letterkenny University Hospital. The injured man died on Thursday 2nd November 2017 as a result of injuries sustained.A post mortem was carried out by the State Pathologist Professor Marie Cassidy and this investigation has now been upgraded to murder.Speaking at Letterkenny Garda Station tonight Detective Inspector Pat O’ Donnell appealed to any person who may have information in relation to this investigation or to any person who visited Sylyan Park between 8am and 6pm on Wednesday 1/11/17 to contact the incident room at Letterkenny Garda Station on 074 91 67100, the Garda Confidential Line 1 800 666 111 or any Garda Station. WhatsApp Twitter Previous articleMcGuinness warns Ireland must not become fixated on BrexitNext articleExtensive damage caused to St Conal’s in weekend break-in News Highland Publicans in Republic watching closely as North reopens further Facebook WhatsApp Nine til Noon Show – Listen back to Monday’s Programme Pinterest Pinterest By News Highland – November 6, 2017 Google+ Community Enhancement Programme open for applications Facebook Google+ RELATED ARTICLESMORE FROM AUTHOR
December 12, 2018 /Sports News – Local Haws scores 30 points, leads BYU over Portland State 85-66 Written by FacebookTwitterLinkedInEmailPROVO, Utah (AP) — TJ Haws made five 3-pointers and scored a career-high 30 points to lead BYU to an 85-66 victory over Portland State on Wednesday night.BYU (8-4) has won two straight since snapping a three-game skid. Portland State (5-4) has lost two of its last four games.Haws was 9 of 15 from the floor and had five assists. Yoeli Childs added 13 points, and Zac Seljaas and Connor Harding 11 apiece for the Cougars. Nick Emery scored five points in 24 minutes in his third game of the season.Derek Brown scored 14 points and Sal Nuhu had 12 for Portland State.Rylan Bergersen’s dunk sparked a 16-0 run as BYU closed the first half on a 23-11 run for a 45-32 advantage. Haws scored 10 points during the stretch.Portland State cut the deficit to 55-48 with 12:50 to play, but Haws answered with back-to-back 3s and the Vikings didn’t get closer. Associated Press Tags: BYU Cougars Basketball/TJ Haws
The pioneering anti-money laundering (AML) firm, SmartSearch has told The Negotiator that its estate agency client numbers have doubled in the past two years.The firm, which increased its overall client numbers by 45% in the first five months of 2019, has just enjoyed its best month ever – in June alone, it achieved sales of £1.1million and signed up 93 new clients.Martin Cheek, MD, SmartSearch, says there are several factors, but the HMRC clampdown on estate agencies has been a key driver.He said, “Recent fines – most significantly the £215,000 fine handed to Countrywide – and the fact that HMRC made surprise visits earlier this year to 50 other estate agents suspected of failing to comply with AML regulations – showed the estate agency sector that there will be serious consequences for anyone found not to be taking their money laundering obligations seriously enough.“A large proportion of the estate agents that have come to us in the past two years is as a result of this increased pressure on estate agents to comply or face the consequences.”The ‘go-to’ AML service for estate agenciesLaunched in 2011, SmartSearch is the only organisation in the UK with the ability to verify individuals and UK and International companies in a single platform with full Sanction, PEP and adverse media screening and then ongoing monitoring.Martin added, “Whether estate agents are unsure of their obligations, don’t have the resources to meet them or simply don’t think AML matters, the end result is the same; they are not compliant –that leaves them vulnerable and liable. Our platform offers a full-service solution that ensures estate agents are fully compliant with the latest Money Laundering Regulations and remain compliant with any future changes in the legislation.”Old clients, new clientsThe SmartSearch search removes the need for time-consuming, expensive and unreliable manual checks – and offers a retro service so that estate agents can upload their current and past client base within 24hrs to ensure all record-keeping is up to date.Wilkinson Grant has been working with SmartSearch since 2016; its Compliance Manager Lynne Zendram said, “As estate agents are now considered by HMRC to be ‘front line’ when it comes to Money Laundering checks, we take this responsibility seriously and have been using SmartSearch for the past 12 months. The ongoing monitoring of such checks is also important.“The service we receive from SmartSearch is excellent – from initial training to ongoing support – a far better system, level of service and support than our previous supplier of electronic AML checking! I have no hesitation in recommending SmartSearch for AML/PEP checking.”Alisa Monro, Deputy MLRO associate at estate agency Douglas & Gordon added, “We have been using SmartSearch for three years – it has revolutionised the way we operate this as a company!“The system is easy to use and the guidelines are clear. It is very user-friendly and so everyone in the company can use it with ease.”Martin added, “We work hard to ensure the system works well for them, including launching SmartAML which enables estate agents to carry out checks via their smartphones when in a client’s property, making it quick and easy to stay compliant.”To book a free demo, visit www.smartsearch.com SmartAML money laundering martin cheek anti money laundering Sheila Manchester Smartsearch Douglas & Gordon Wilkinson Grant July 23, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Money laundering: SmartSearch says estate agency is its fastest growing client sector previous nextRegulation & LawMoney laundering: SmartSearch says estate agency is its fastest growing client sectorUnder the threat of huge fines from HMRC, agents are using all means to comply with stringent anti-money laundering regulations.Sheila Manchester23rd July 20190810 Views
The Commission confirmed it will not comment until the mediation has been completed. It has also asked both sides not to comment publicly or privately whilst the mediation process takes place. In a press release published on June 25th, the Commission voiced its concern “that the very protracted and public dispute between the College’s governing body and its Dean is damaging to the reputation of the charity, and affecting its ability to govern itself.“ The Charity Commission has ordered the Christ Church Governing Body and Dean to enter into a mediation process without delay. This follows the most recent escalation of a 2017 dispute surrounding the Very Rev Prof Martyn Percy’s pay and his efforts to reform the college’s governance. A letter to the Commission last month, signed by 41 out of 65 members of the college’s Governing Body, called for the Commission to help remove the Dean from the board of trustees. The Governing Body’s academics stated that Percy had “hampered the day to-day-day operations of the institution” and that he was “not fit to remain a trustee”. One week later, a second letter to the Commission, signed by Percy’s supporters, including senior Church of England figures, stated: “Martyn Percy is a victim of gross injustice and malice. We wish to see this damaging business resolved justly, and with the minimum delay“. The conflict originally arose in 2017, when Percy complained that his salary was below the median for Oxford heads of college. He was subsequently suspended after a formal complaint by the Governing Body accused him of behaviour of “immoral, scandalous or disgraceful nature”. Under Christ Church’s statutes, this wording is required to justify dismissing a Dean. Helen Stephenson, Charity Commission Chief Executive was quoted in the Commission’s press release: “It is not our job, as charity regulator, to referee disputes. […] In these exceptional circumstances, we have told the parties to the dispute to enter mediation, without which it is difficult to resolve issues in the charity in any reasonable timescale.“ A university spokesperson told Cherwell: “Issues relating to the current dispute with the Dean, as with any college matter, are the responsibility of Christ Church and its governing body.” According to Percy’s supporters, his efforts to reform the management of the college and revise its pay structures led the Governing Body to suspend the Dean. Sir Andrew Smith, a retired high court judge who was hired by the college to chair an internal tribunal, subsequently dismissed the complaint and ordered Percy’s reinstatement. Percy has since launched an ongoing employment tribunal against the college, claiming he has been bullied and victimised by its Governing Body. The Charity Commission regulates registered charities and answers directly to the UK parliament. Its website lists all accounts submitted by charities in England and Wales. It also carries out general monitoring of charities and has powers to conduct statutory as well as regulatory compliance investigations. Following the Charity Commission’s press release, Christ Church College published a statement on their website: “The ongoing dispute between Christ Church and the Dean has undoubtedly gone on for far too long. Its impact on Christ Church’s daily life, its staff, students, teaching and research, all risk being affected without the prospect of a resolution. We were therefore delighted to learn at our meeting with the Charity Commission today that it has now agreed to intervene.” The College further states: “We hope that the Dean responds quickly and positively to the Commission’s announcement and we look forward to attending the mediation it is facilitating as soon as possible.“ Image credit to Mike Peel.