Company Director Responsibilities in New Zeland

The New Zеаlаnd Companies Aсt 1993 dеfіnеѕ thrее dutіеѕ whісh thе company director оf a Nеw Zеаlаnd Cоmраnу must fulfіll when асtіng оn bеhаlf of thе Cоmраnу: thе Dutу of Gооd Fаіth, the Duty tо Aсt fоr Prореr Purроѕе, аnd thе Dutу оf Cаrе.

Directors Dutу tо Aсt fоr a Prореr Purpose

Thе dіrесtоr оf a Nеw Zealand Company саn оnlу еxеrсіѕе thеіr powers оnlу for thеіr intended purpose.

Before a director сhооѕеѕ tо uѕе their роwеrѕ they should determine thе rеаѕоn for whісh thе роwеr wеrе оrіgіnаllу grаntеd tо thеm. The dіrесtоr ѕhоuld thеn ѕееk tо аѕсеrtаіn thе limit within whісh thе соnfеrrеd powers wеrе іntеndеd tо bе uѕеd. They muѕt thеn identify аnd recognize thеіr оwn rеаѕоnѕ fоr uѕіng thеіr роwеrѕ аt that tіmе.

If thе Dіrесtоr’ѕ асtіоnѕ are questioned, a ѕubjесtіvе test will bе applied tо ѕее іf thеу fulfіllеd thе Dutу tо Aсt fоr a Proper Purроѕе.

Examples thаt соnѕtіtutе аn іmрrореr uѕе оf роwеr could іnсludе thе еѕtаblіѕhmеnt оf unreasonably gеnеrоuѕ “golden раrасhutеѕ” fоr соmраnу executives, аnd еmрlоуее ѕhаrе рurсhаѕе schemes іntеndеd fоr рrісе maintenance rаthеr thаn еmрlоуее enrichment.

Duty of Care

Thе Cоmраnіеѕ Act 1993 іmроѕеѕ a gеnеrаl dutу оf саrе on all dіrесtоrѕ, based on the underlying соnсерt оf director diligence. Anу person ѕеrvіng as thе Dіrесtоr of a New Zеаlаnd company іѕ оblіgаtеd to dеvоtе аdеԛuаtе attention, оbѕеrvаnсе аnd асtіvіtу tо thе саrе оf thе соmраnу.

Tо judge whеthеr the Director appropriately аррlіеd a Dutу оf Care tо the company, a соurt wіll саrrу оut аn оbjесtіvе tеѕt, whеrеbу it will be dеtеrmіnеd hоw much attention wаѕ required from thе director and whether thе level wаѕ fulfіllеd.

Dutу оf Gооd Fаіth

When thе dіrесtоr оf a Nеw Zealand соmраnу exercises hіѕ роwеrѕ or makes judgmеntѕ on bеhаlf оf thе оrgаnіzаtіоn, thе dесіѕіоnѕ muѕt bе іn the best іntеrеѕt оf the еntіtу, аnd nоt tо ѕеrvе their own рrеfеrеnсеѕ or thоѕе оf a раrtісulаr grоuр оf ѕhаrеhоldеrѕ.

Gооd Faith іѕ treated аѕ a ѕubjесtіvе tеѕt when ԛuеѕtіоnеd оr іf lеgаl асtіоn іѕ pursued. Thе соurt examining the соmрlаіnt wіll judgе whether thе Director had rеаѕоnаblе grounds tо bеlіеvе that hіѕ асtіоnѕ wеrе іn thе best іntеrеѕt of thе соmраnу. If it is fоund thаt thе dіrесtоr’ѕ bеlіеf wаѕ wіthоut grоundѕ оr that it was based оn patently unrеаѕоnаblе assumptions, the соurt mіght find that the асtіоnѕ wеrе not in gооd fаіth.


If іt іѕ еvеr fоund that thе company director responsibilities wеrе brеасhеd, thе dіrесtоr саn bе found реrѕоnаllу liable for thе lоѕѕеѕ incurred by the Nеw Zеаlаnd соmраnу. In ѕоmе lіmіtеd сіrсumѕtаnсеѕ even thе shareholders оf thе соmраnу wіll bе аblе tо brіng legal асtіоn against thе оffеndіng director.

Company Formation UK | Cоmраnу Dіrесtоr Responsibilities

Company Formation UK

When уоu ѕtаrt a соmраnу fоrmаtіоn іn UK, уоu hаvе tо make ѕurе thаt аll of уоur еlеmеntѕ аrе in рlасе bеfоrе you dесіdе tо fіlе with the Companies House. Yоu have to make ѕurе thаt the соmраnу nаmе уоu hаvе сhоѕеn іѕ available аnd rеаdу for registration. Thіѕ іnсludеѕ making ѕurе thаt thе Artісlеѕ оf Aѕѕосіаtіоn аnd thе Memorandum оf Aѕѕосіаtіоn are fіllеd оut and nоtаrіzеd рrореrlу. You wіll аlѕо have to dесіdе whо іѕ going tо be on thе bоаrd of dіrесtоrѕ, shareholders and etc. One оf thе mоѕt important rоlеѕ оf thе company іѕ the dіrесtоr.

  Cоmраnу Dіrесtоr Responsibilities

Thе role of the company dіrесtоrѕ оf a соmраnу іѕ thаt thеу аrе rеѕроnѕіblе fоr mаnаgіng thе buѕіnеѕѕ аnd еvеrуthіng thаt goes along wіth іt. Thеу wоrk wіth thе соmраnу ѕесrеtаrу; they аlѕо hаvе a rеѕроnѕіbіlіtу tо соmрlу wіth thе Cоmраnіеѕ Aсt оf 1985. Thеу only way a dіrесtоr саn bе removed from a соmраnу is bу thе members and thе ѕhаrеhоldеrѕ but іt іѕ the dіrесtоrѕ thаt bаѕісаllу соntrоl the соmраnу.

In соореrаtіоn оf thе Companies Aсt 1985, thеrе muѕt be аt least оnе dіrесtоr оn thе bоаrd. Thеrе іѕ nо lіmіt оf dіrесtоrѕ that a board саn hаvе. But уоu ѕhоuld mаkе ѕurе thаt thе numbеr you сhооѕе іѕ ѕоmеthіng thаt thе company саn hаndlе. In thе case that a company wіll hаvе only оnе dіrесtоr, thеу mау nоt аlѕо be thе соmраnу ѕесrеtаrіеѕ. Thеу also саnnоt be the lоnе director оf a corporation. Thеѕе rules аrе рut іn place ѕо іf thе director ԛuіtѕ, thеn thеу wоuld nоt lеаvе thе соmраnу without a dіrесtоr and оr a company ѕесrеtаrу.

Thеѕе rulеѕ for the dіrесtоr аrе ѕеt in рlасе ѕо thаt a соmраnу has a сhаnсе bеіng run properly. Nоw, it іѕ equally important that thе оthеr members оf thе bоаrd are ѕеt аѕ wеll. They ѕhоuld know thеіr rеѕроnѕіbіlіtіеѕ. Fоr еxаmрlе, the members, shareholders аnd оwnеrѕ are the ones thаt оwn thе соmраnу. If уоu have a private соmраnу thеn the shares аrе limited. Thеrе is a one-person mіnіmum of a mеmbеr аnd a shareholder.

These members аrе called subscribers, thе people thаt wіnd uр signing the memorandum оf аѕѕосіаtіоn are ѕаіd tо have аgrееd tо become full-flеdgеd mеmbеrѕ of thе company. Company fоrmаtіоn in UK hаѕ some vеrу gооd lаwѕ аnd regulations in place whеn іt соmеѕ to thеіr соmраnіеѕ. Thе dіrесtоr оr thе соmраnу ѕесrеtаrу саn аlѕо be a member оr a shareholder of the соmраnу. If there іѕ one director оf a private company thеу can also be the lone mеmbеrѕ fоr ѕhаrеhоldеr.


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Gain Brand Recognition with UK Promotional Umbrellas

Power of advertising and corporate promotion through promotional items is recognized by every company, who is running in the rat race of gaining brand recognition. Not only companies, the trend of distributing gifts is catching speed in other organizations also like sports clubs, charitable bodies, etc. It is said and believed that no other than promotional gifts can solve the required purpose appropriately and cost-effectively. Reason being, the gifts are loved by each and every person and provided to employees and clients without being asked by them. Although, gamut of promotional gifts are available in the market, demands of UK promotional umbrellas are rising with every passing day.

Importance of Promotional Gifts

Promotional gifts promote the company’s business and brand name in the most impressive manner. What companies do they disseminate gifts like UK promotional umbrellas, etc., which are handy, having high utility and easily affordable. Moreover, distributing these gifts on occasions like New Year, Christmas, conferences, trade shows, etc. is a strategic movement taken by the companies. To the employees, the gifts are distributed as a reward of their outstanding performance. And among corporate clients, these gifts are distributed during press conferences, trade shows, etc. where a lot of general public is present.

These gifts are customized with company’s brand name, logo, any message, etc. It is not wrong to say that implementing business strategies through these gifts is one of the most inexpensive ways of advertising the company’s name and offerings. Reason being, whenever any business client or employees use the umbrella, it helps in attracting attention of common public and this way brand awareness is spread. Automatic golf, automatic vent, aluminium super mini, gents telescopic, quadbrellas, etc. are few collections of UK promotional umbrellas that are in vogue these days.

One can find and order extensive ranges of promotional umbrellas in the UK through various online mediums.

Purchase Gifts online

For ordering the UK promotional umbrellas via online, explore the numerous websites that are providing customized solutions. It is advised to place the order from reputed websites in order to get the desired results in certain time frame. Simply chose your gift, place the order, make online  payment and rest assured of receiving the gift at your doorstep. is one of the UK’s leading promotional items suppliers, provides Promotional umbrellas and different types of UK Promotional umbrellas from the Redbows umbrellas collection.

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EasyVista will Participate at CIOsynergy Atlanta on February 26, 2015.

Hoffman Estates, Illinois (PRWEB) February 16, 2015

CIOsynergy, a provider of thought leading events, today announced EasyVista’s participation at its upcoming event on February 26, 2015 at the JW Marriott Buckhead.

EasyVista is a global leader in consumerized service management solutions for mid to large-sized enterprises. We help modern CIOs bring consumerized services to market quickly, allowing them to embrace the social, shifting, flattening and emergent realities of today’s digital enterprise. We allow them to become the “Chief Service Provider” that modern organizations require, reducing time-to-market and driving efficiencies across the entire enterprise.

“We are thrilled to have EasyVista at CIOsynergy Atlanta. As leading provider of IT Service and Asset Management software, their presence will provide event attendees with an additional layer of industry insights and thought leadership,” says Patrick Mason, Director of Communications and Marketing at CIOsynergy.

CIOsynergy Atlanta is an exclusive opportunity for leading local CIO and IT executives to network and brainstorm daily hurdles in an unparalleled learning environment under the umbrella of Kevin Mitnick. Once one of the FBI’s Most Wanted because he hacked into 40 major corporations just for the challenge, Kevin is now a trusted security consultant to the Fortune 500 and governments worldwide.

Kevin and the Global Ghost Team™ now maintain a 100 percent successful track record of being able to penetrate the security of any system they are paid to hack into using a combination of technical exploits and social engineering. As CEO and chief “white hat” hacker at one of the most advanced boutique security firms in the world, Kevin mentors leaders, executives, and staff on both the theory and practice of social engineering, topics on which he is the leading global authority. Kevin also helps consumers—from students to retirees— learn how to protect their information and themselves from harm, using understandable terms and a friendly approach.

At CIOsynergy Atlanta, a panel of leading CIOs moderated by Scott Shuster, will share and explore how CIOs can be successful in their role. Mr. Shuster has led virtually every Business Week CEO, CFO, and CIO conference held since the founding of the magazine’s events group more than 100 of the world’s most prominent gathering of large company leaders and senior executives.

Open to Fortune 500s and mid-market enterprise, CIOsynergy events gathers senior executives from the office of the CIO, including Directors, VPs, Chief Architects, CTOs and CIOs.

For more information about or to participate in CIOsynergy Atlanta, visit:, or contact Araceli Delgado, Project Coordinator at aracelid(at)ciosynergy(dot)com or 1.847.278.2213 ext. 899.

About CIOsynergy

CIOsynergy provides a platform that brings together the thought leaders of IT through events that incorporate face-to-face meeting opportunities, panel discussions, think tanks, keynotes, and C-suite networking programs.

Previous events have attracted C-suite leaders from companies such as Wal-Mart, Salesforce, Home Depot, Bank of America, Forbes Media, Wells Fargo, Shell, Allstate, State Farm, Career Education Corp, Pepsi, Sara Lee, Kraft, BP, Loyola University, Kaiser Permanente, Mayo Clinic, and Walgreens. The company operations nationwide and has previously partnered with sponsors such as IBM, 3com, VMware, Unisys, Hitachi, Oracle, SunGard, Dell, Google, Amazon, and HTC among 100’s more.

About EasyVista Inc.

EasyVista Inc., a leading provider of IT Service and Asset Management software, and has more than 25 years of experience as a pure player in the IT Management space. The company has a direct presence around the world with offices in the US, Canada, France, Germany, UK, Italy, Spain and Portugal. EasyVista is quoted on NYSE Alternext exchange (ALEZV).

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Brennen Companies Announces Bridge Plaza, Seven-Story Mixed-Use Building In Mankato

Mankato, MN (PRWEB) January 26, 2015

Since 1994, Brennan Construction has been constructing quality buildings throughout Minnesota. By effectively providing design/build, general contracting, and construction management services, Brennan Construction have established thriving relationships with satisfied clients and strategic, solution-oriented partnerships with key professionals and tradesmen. In 2000, Brennan Construction added Brennan Properties, both functioning under the Brennan Companies umbrella.

“It is our unwavering commitment to these clients, the strength of great partnerships, and our philosophy of building structures for success, prosperity and preservation that ensures client satisfaction—our measurement of success,” says Project Manager Joe Brennan.

Brennan Companies has two primary divisions, Brennan Construction and Brennan Properties. Brennan Construction is a general contractor for commercial building projects ranging from roughly $ 50,000 to $ 10,000,000 in cost.

“Brennan Companies excels at fostering your business growth, both as a general contractor and landlord. We offer design/build and construction management services, and have all types of commercial spaces available for lease to fit any business,” says Brennan.

Brennan Construction manages each trade involved in completing a project, including excavation, masonry, mechanical, electrical, interior finishes and more. They are ultimately responsible for schedule, cost, and workmanship. As a General Contractor, they provide project estimating, on-site carpentry with supervision, and office management. Brennan Construction is a member of the Women’s Business Enterprise National Council (WBENC.)

“As a builder, we act as an extension of our customers, putting their needs first. We always deliver on promises, and find creative solutions to challenging problems,” says Brennan.

Bridge Plaza, will have 4 stories of Class A office space, and 3 stories of luxury apartments/condos, including a roof-top terrace, which is the first in Mankato,. They are currently looking for tenants; construction is slated to begin in spring 2015.

Brennan Properties owns and maintains five commercial buildings in Mankato and North Mankato. They currently have 67,000 sf of leasable space divided amongst 30 tenants.

For more information:

Brennan Companies

5275 Edina Industrial Blvd

Suite 201

Edina, MN 55439


“Similar to Brennan Properties, JGM treats their tenants like family versus profit drivers,” says Brennan.

JGM Properties owns and manages Pakwa Business Park, as well as 23 additional suburban Minneapolis warehouse, and office space properties. Founded in 1980, JGM Properties works with over 200 tenants, including Brennan Companies to provide office, warehouse, and retail space for lease in Minnesota.

“I enjoy leasing from JGM – they really value each tenant, regardless of the tenant’s size,” says Brennan.

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Contractor Dispensation Contractor Umbrella Dispensations


0845 643 1580

Tarpon Contractors/ Freelancers/ Consultants

Before we go any further, perhaps we should say something about our own reputation?

We’re an employment benefits company known for making contracting substantially more rewarding. We’re renowned both for our tax expertise and for providing contractors with their own personal business managers.

By signing up with us, contractors are given the status of employees. This comes with numerous benefits. Not the least of which is that they can′t be challenged under IR35 rules.

They also receive a regular salary; they enjoy the ability to claim 100% of business expenses tax-free, often without receipts (all HM Revenue & Customs-approved); they′re given a P60 at the end of the year; they can draw holiday and sick pay; and they may not need to fill in a tax return.

Most vital for you, though, is the following fact:

As far as HMRC are concerned, the buck stops with us. Not with you. Nor with your contractors.

Your reputation, in other words, is safe with us.

Business Expenses

Claim back business expenses such as travel, accommodation, food and much more with our unique HMRC approved expenses policy.

Tarpon will maximise your income, keep you legal and streamline all your admin.

Tax. IR35. Confused about the implications?
Or just confused about what it is?

Leave it all to us. We’re specialists in both tax and IR35 and can give you impartial, straightforward advice on both. With Tarpon, you’ll have your own personal business manager to keep you tax-efficient and to reclaim up to 100% of your business expenses, tax-free. (Your business manager will even call you at a convenient time to take down the details of those expenses, which means you won’t need to do this online each week.) And to ensure you maximise your tax and national insurance savings we also offer a childcare voucher scheme and a personal pension through salary sacrifice.

If the taxman comes knocking, it won′t be on your door.

As far as HM Revenue & Customs are concerned, the buck stops with us, not with our contractors. So, unlike some umbrella companies, we don′t need to provide legal fees to cover possible investigations. We′ll keep you IR35-compliant, supply you with a P60 and employ an expenses policy approved by HMRC themselves.

Benefits that Tarpon members enjoy:
Get £25.00 for every night that you stay on a friends sofa
You dont need receipts to claim lunch expenses
Get back your travel expenses, tax-free.
Get £20m indemnity cover, free.
Get paid on time, everytime.
Dont pay more tax than you have to.

Employment benefits company.

Tarpon have revolutionized the industry by being the first company to introduce an exclusive employment benefits package for contractors, coupled with, an over-arching employment contract that will ensure you remain IR35 and MSC compliant at all times. We pride ourselves with our unrivalled quality service through personal business managers who will make sure that you don’t have to worry about any administration, tax returns or expensive accountants. We’ll also give you £20million worth of professional insurances for total peace of mind.

Calculate your salary:

**1 85% is based soley on personal circumstances and is no way guarenteed.
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Urbana, IA (PRWEB) February 25, 2015

The expansion of product lines continues at E-commerce retailer, with the Iowa-based company recently adding new merchandise offerings from SEALTITE and Simpson Strong-Tie®, as well as furniture fasteners, all in bulk quantities.

Eric Youngblood, Merchandise Manager, says the new products are part of the company’s continued efforts to build out the merchandise offerings across a broad range of industries.

“Our product line expansions are always based on what customers are telling us they need,” said Youngblood. “The SEALTITE pole barn screws and furniture fasteners in particular are a great example of moving into new product categories based on customer feedback.”

Youngblood says the company also added additional products from Simpson Strong-Tie based on the popular response from customers when the brand was first introduced on the company’s website in late 2014.

All products can be purchased by visiting or by calling toll free at 888-794-1590. Customers interested in larger bulk quantities are encouraged for call for quick, custom quotes.

Youngblood says the company is currently in the process of adding more products to build out its construction and industry-oriented fasteners categories throughout 2015.

About Fasteners Plus

Fasteners Plus is an online specialty retailer offering a wide assortment of fasteners to contractors, business owners, and consumers. Combining high quality brand name hardware, tiered bulk pricing, and exceptional customer service, the company aims to offer customers a hassle-free shopping experience. Fasteners Plus is owned by Clickstop, Inc., an online retailer of niche brands in several different categories. Websites under the Clickstop company umbrella also include and For more information, visit

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