Some excellent websites offer a self-identification map, but we’re presenting ourselves holistically.
Who is the client? By total fee income a significant majority of our business is corporate, but does that make your company the client? Companies are required by the Companies Act to generate shareholder wealth. Defining wealth might be debatable, but in broad terms we can assume that the company’s management is required to act in the shareholders’ interests, financial and otherwise.
This potential conflict is ameliorated when the company’s management group and shareholders are the same and aligned. The shareholders’ agreement will support that and provide workable remedies, hopefully. Underlying the commercial arrangements are the requirements under the Companies Acts. Our duty is to the company. It’s in everyone’s interests that minority interests are safeguarded and as importantly kept fully informed.
It follows that we have a duty to the company but you as an individual entrepreneur and shareholder will be the ultimate client.
“Defining wealth might be debatable, but in broad terms we can assume that the company’s management is required to act in the shareholders’ interests, financial and otherwise.”
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