Corporate Law

Rolls-Royce to give each worker £700 in shares

Rolls-Royce is to give every employee shares worth about £700 in the company following a revival. The engineering giant announced in an internal memo that it would gift 150 shares to its 42,000 workers worldwide. The news comes after the Derby-based company, which makes jet engines, announced profits of £1.1bn in the first half of […]

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Filing of annual returns: ORC increases penalty for defaulting firms effective May 1, 2024

The Office of the Registrar of Companies in Ghana has increased the penalty for late filing or non-filing of annual returns from GHC650 to GHC1,000, effective May 1. This decision aims to discourage companies from defaulting on their annual return submissions, as required by the Companies Act, 2019 (Act 992). The Registrar’s Office has taken

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Elon Musk: Judge blocks ‘unfathomable’ $56bn Tesla pay deal

A judge in the US state of Delaware has annulled a $55.8bn (£44bn) pay deal awarded to Elon Musk in 2018 by the electric car company Tesla. The lawsuit was filed by a shareholder who argued that it was an overpayment. Judge Kathaleen McCormick called the compensation “an unfathomable sum” that was not fair to

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