15 May 2014
Partner and senior counsel, Bates Wells Braithwaite
Stephen Lloyd is partner and senior counsel at Bates Wells Braithwaite. He has been a partner at BWB since 1984, and has particular expertise in the interface between charities and trading.
He is author and presenter of numerous articles and seminars, and an adviser to CAF's Venturesome Investment Fund. He is a former chairman of the Charity Law Association, and current chairman of CaSE, LifeHaus Plc and the Centre for Innovation in Voluntary Action.
Lloyd was instrumental in creating the Community Interest Company legal structure.
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In a recession, insurance claims rise. But that is just one reason for trustees to get more involved in their insurance. Here are a few tips on things to look out for…
Credit rating agencies and certain parts of auditing businesses should become not-for- profit, according to Stephen Lloyd, senior partner at Bates Wells & Braithwaite. In a colourful lecture to charity experts yesterday entitled Capitalism in Crisis: Lessons from the Not-for-Profit Sector, Lloyd said the recession had uprooted the prevailing view that the voluntary sector needed to learn from the private sector and possibly even turned the tables.
English charities which are subsidiaries of foreign organisations must make their own decisions, explains Stephen Lloyd.
Quite frankly if the leadership team can't announce bad news they shouldn't be in the job. Where on earth did this idea come from?
Stephen Lloyd responds to a trustee rightly concerned about the consequences of not fully disclosing details of major risk facing the company in their annual report, as required under the Companies Act 2006.
One of the risks that any charity faces is fraud. It is not a major risk – only a few charities, thankfully, are the victims of frauds. But fraud happens. It can involve employees, volunteers or property.
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