How the Board Works

In the UK, at the time of writing, the regulation of business and corporate practices is the responsibility of the Department for Business Innovation and Skills (BIS). Compliance is enforced through the courts. Historically, regulation has been vested in various predecessors of BIS, principally the Department of Trade (DoT) and the Department of Trade and Industry (DTI) and their respective initials can be found in many documents and references.

The Rules

Legislation affecting the management of businesses and their related corporate entities is enshrined in various Company Acts. The principal objectives of these acts are twofold. Firstly, to provide a framework of protection for those parties most at risk ...

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