Coronavirus Large Business Interruption Loan Scheme and Corporate governance: Difference between pages

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imported>Doug Williamson
(Create page. Source: UK Business support webpage https://www.businesssupport.gov.uk/coronavirus-large-business-interruption-loan-scheme/)
 
imported>Doug Williamson
(Added link to Treasurer's Handbook)
 
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''Business continuity - pandemic - UK.''
1.


(CLBILS).
A framework that


The CLBILS is designed to provide UK government guarantees of 80% to enable banks to make loans of up to £25m, offered to firms with a turnover of between £45m and £500m per annum that have been impacted by COVID-19 who are unable to secure regular commercial financing.
(i) provides guidance on strategy, including assessing risk


(ii) ensures effective monitoring of management and


To be eligible, a business must:
(iii) makes certain that managers are accountable to stakeholders.


#Be UK-based in its business activity
#Have an annual turnover between £45 million and £500 million
#Be unable to secure regular commercial financing
#Have a borrowing proposal which the lender:


::(a) would consider viable, were it not for the COVID-19 pandemic; and
The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the organisation.


::(b) believes will enable the borrower to trade out of any short-term to medium-term difficulty.


2.


==See also==
Comparable frameworks in non-commercial organisations.
*[[British Business Bank]]
*[[Business continuity plan]]
*[[Contingency plan]]
*[[COPD]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Coronavirus Job Retention Scheme]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Liquidity management]]
*[[Stranded middle]]
*[[WFH]]


In the non-commercial context the term 'governance' (without the 'corporate' part) is more common.


==Resources for COVID-19==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]


[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]
== See also ==
* [[Board of directors]]
* [[Corporate social responsibility ]]
* [[ESG investment]]
* [[Governance]]
* [[Kay Review]]
* [[UK Corporate Governance Code]]
* [[Ethics]]
* [[Agency risk]]
* [[Developments in corporate and market regulation: implications for the treasurer]]


[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]


[[Category:Accounting,_tax_and_regulation]]
===Other links===
[[Category:The_business_context]]
[http://www.treasurers.org/node/10141 Doing the right thing, Sarah Boyce, The Treasurer, May 2014]
 
[[Category:Corporate_finance]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Ethics_and_corporate_governance]]
[[Category:Long_term_funding]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 15:10, 12 November 2015

1.

A framework that

(i) provides guidance on strategy, including assessing risk

(ii) ensures effective monitoring of management and

(iii) makes certain that managers are accountable to stakeholders.


The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the organisation.


2.

Comparable frameworks in non-commercial organisations.

In the non-commercial context the term 'governance' (without the 'corporate' part) is more common.


See also


Other links

Doing the right thing, Sarah Boyce, The Treasurer, May 2014

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