IoD welcomes clarification of health and safety duties, says more could be done
The Government is clarifying the duties of directors in health and safety, a move we advocated for.
Solvency test checklist for directors
The IoD has developed a checklist for directors which sets out considerations in the following areas for assessing solvency:
- Profit projections
- Cashflow budgets
- Ability to realise current assets, particularly inventories and receivables
- Ability to comply with normal terms of credit
- Possibility of withdrawal of financial support by major lenders
- Contingent liabilities.
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