- Description
- Specifications
A new Company Director should receive an information pack on a whole range of matters when the Director is first appointed to a Board.
The information pack will assist the Director to understand how the Company does business. It is an important aspect of the Director conducting due diligence on the internal systems operating within the Company.
The paper is presented in seven pages under the headings:
- How The Company Does Business
- Business Plan
- Budgets/Cashflow Forecasts
- Financial Accounts
- Assumptions Made In The Preparation Of Financial Accounts
- Debtors
- Creditors
- Stock
- Stock Turn
- Creditors’ Payment Terms
- Are Any Taxes Outstanding?
- Stamp Duty
- Work Care Premiums
- Insurance Premiums
- Payment Of Taxes Last Twelve (12) Months
- Work Care Policy
- Insurance Covers
- Insurance Claims - Last Three (3) Years
- Insurance Claims Refused
- Environmental Position
- Customers
- Legal
- Payment Of Damages Or Successful Prosecution
- Tax Audits
- Borrowings
- Leases
- Hire Purchase Agreements
- Current Contracts
- Current Management Structure
- Duties Allocated
- Products/Services
- Goods And Services Tax (GST)
- Australian Competition And Consumer Commission (ACCC)
- Australian Securities and Investments Commission
- Company Locations
- Consolidated Corporation Structure
- Group Directors/CEO's
- How The Company Does Business - Being Abided By?
- Any Other Information On Which An Incoming Director Should Be Briefed?