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Author: Great Britain. Parliament. House of Commons. Business and Enterprise Committee
Publisher: The Stationery Office
ISBN: 9780215529473
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
In "Modernise or decline: policies to maintain the universal postal service in the United Kingdom" (Cm. 7529, ISBN 9780101752923) the Hooper review confirmed that Royal Mail Group was the only company capable of delivering the service and proposed a package to deal with the Group's problems. The state should take responsibility for the historic pension deficit; there should be a new regulatory regime, in which mail services would be regulated as part of wider communications services, and, most controversially, there should be a private sector equity partner in Royal Mail. The Government accepted these proposals (Cm. 7560, ISBN 9780101756020) and introduced the Postal Services Bill (HL Bill 24, ISBN 9780108454530). The Committee supports the proposals on the pension fund and the new regulatory regime. But it does not consider that the case has been made that these two reforms can only be made as part of a package which includes the third reform - the involvement of a private sector equity partner in Royal Mail. The provisions contained in the Bill allowing such a partnership are not necessary or desirable as the Government already has powers to sell shares to enable Royal Mail to participate in a joint-venture. There is a lack of clarity over how much investment is needed or where that investment will come from, while the Government appears to have no business plan and has not indicated the use to which any private sector capital would be put. Given this uncertainty the case must rest on its non-financial benefits, and the Committee poses several questions about the proposed partnership which must be addressed.
Author: Great Britain. Parliament. House of Commons. Business and Enterprise Committee
Publisher: The Stationery Office
ISBN: 9780215529473
Category : Business & Economics
Languages : en
Pages : 68
Get Book Here
Book Description
In "Modernise or decline: policies to maintain the universal postal service in the United Kingdom" (Cm. 7529, ISBN 9780101752923) the Hooper review confirmed that Royal Mail Group was the only company capable of delivering the service and proposed a package to deal with the Group's problems. The state should take responsibility for the historic pension deficit; there should be a new regulatory regime, in which mail services would be regulated as part of wider communications services, and, most controversially, there should be a private sector equity partner in Royal Mail. The Government accepted these proposals (Cm. 7560, ISBN 9780101756020) and introduced the Postal Services Bill (HL Bill 24, ISBN 9780108454530). The Committee supports the proposals on the pension fund and the new regulatory regime. But it does not consider that the case has been made that these two reforms can only be made as part of a package which includes the third reform - the involvement of a private sector equity partner in Royal Mail. The provisions contained in the Bill allowing such a partnership are not necessary or desirable as the Government already has powers to sell shares to enable Royal Mail to participate in a joint-venture. There is a lack of clarity over how much investment is needed or where that investment will come from, while the Government appears to have no business plan and has not indicated the use to which any private sector capital would be put. Given this uncertainty the case must rest on its non-financial benefits, and the Committee poses several questions about the proposed partnership which must be addressed.
Author: Great Britain. Parliament. House of Commons. Business and Enterprise Committee
Publisher: The Stationery Office
ISBN: 9780215520739
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
This report from the Business and Enterprise Committee (HCP 577, session 2007-08, ISBN 9780215520739) follows on from an earlier report from the same Committee on post office closures under the network change programme (HCP 292-I, session 2007-08, ISBN 9780215513663), with responses to that report contained in the appendix. This particular report considers the responses received to the earlier report and looks at the future of the network. The Committee has set out a number of conclusions and recommendations, including: the need for timeliness in the Government's and Post Office Ltd's replies to the present situation in respect of post office closures; that there is no guarantee that there will not be further closures although the Government does not desire the post office network to shrink below 11,500 outlets and is investing £1.7 billion to safeguard the network; the Committee regrets that the transfer of responsibility between Postwatch and the National Consumer Council is occuring at this critical time of change and that both Postwatch and the Post Office Ltd need to develop the new code of practice in respect of the onging network changes to the post office system and that this new code should be presented to Parliament before the Summer recess; the Committee believes there should be a presumption against the closure of post offices where possible and a recognition of their social value to customers, since there seems to be little co-ordination between regulators, the Government and government departments, especially in regard of the withdrawal of payment services from the post office network; the Committee is unclear where the £57 million of savings will come from and that the status of the Post Office Ltd, as a publicly owned monopoly supported by the taxpayer, and the Royal Mail Group as a whole, requires that there is greater financial clarity and transparency of both their financial systems and status
Author: John Richard Edwards
Publisher: Routledge
ISBN: 1351373471
Category : Business & Economics
Languages : en
Pages : 364
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Book Description
A History of Corporate Financial Reporting provides an understanding of the procedures and practices which constitute corporate financial reporting in Britain, at different points of time, and how and why those practices changed and became what they are now. Its particular focus is the external financial reporting practices of joint stock companies. This is worth knowing about given the widely held view that Britain (i) pioneered modern financial reporting, and (ii) played a primary role in the development of both capital markets and professional accountancy. The book makes use of a principal and agent framework to study accounting’s past, but one where the failure of managers always to supply the information that users’ desire is given full recognition. It is shown that corporate financial reporting did not develop into its current state in a straightforward and orderly fashion. Each era produces different environmental conditions and imposes new demands on accounting. A proper understanding of accounting developments therefore requires a careful examination of the interrelationship between accountants and accounting techniques on the one hand and, on the other, the social and economic context within which changes took place. The book’s corporate coverage starts with the legendary East India Company, created in 1600, and continues through the heyday of the statutory trading companies founded to build Britain’s canals (commencing in the 1770s) and railways (commencing c.1829) to focus, principally, on the limited liability company fashioned by the Joint Stock Companies Act 1844 and the Limited Liability Act 1855. The story terminates in 2005 when listed companies were required to prepare their consolidated accounts in accordance with International Financial Reporting Standards, thus signalling the effective end of British accounting.
Author: Gloria Moss
Publisher: Routledge
ISBN: 1351610457
Category : Business & Economics
Languages : en
Pages : 255
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Book Description
This book breaks important new ground in describing the enhancements in performance, motivation and mental well-being that Inclusive Leadership brings to organisations. Illustrating these benefits through theory and practical examples, the book also contrasts this style with Command and Control or ‘Transactional’ leadership, a style that still holds sway in many organisations, with leaders focused on mistakes rather than progress. Inclusive Leadership will transport you through time and geography – from the UK, US, and Australia to France and Norway – showing how much more nurturing an environment Inclusive Leadership provides than Transactional leadership. Read how Inclusive Leadership complements a competitive strategy emphasising innovation and how it dominates in four organisations – Royal Mail Sales, the PageGroup, Sevenoaks School and APAM - spanning sales, recruitment, education and real estate. The chapters also cover education and the associations between Inclusive Leadership and enhanced undergraduate student performance, motivation and engagement both in Norway and in the UK. With a unique combination of both theoretical and practical perspectives, this book is a useful tool for practitioners in the corporate world; business, management and leadership students; and both emerging and established leaders. Watch the accompanying video here: https://www.youtube.com/watch?v=8DEChx953_U&t=8s
Author: Michael A Crew
Publisher: Edward Elgar Publishing
ISBN: 1782546340
Category : Political Science
Languages : en
Pages : 355
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Book Description
This volume, the result of the 21st Conference on Postal and Delivery Economics (Ireland, 2013), describes the continuing problem of the decline of the postal sector in the face of electronic competition and offers strategies for the survival of mail s
Author: Richard Hooper
Publisher: The Stationery Office
ISBN: 9780101752923
Category : Business & Economics
Languages : en
Pages : 172
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Book Description
This review (Cm. 7529, ISBN 9780102958393) was established to maintain the universal postal service, that is the collection, sorting, transportation and delivery of letters to all 28 million businesses and residential addresses. It sets out a number of conclusions and recommendations on how the universal service can be maintained. The postal service is seen as having a strong social and economic rationale. Customers place a high value on the affordability of the service, on a uniform tariff, and deliveries on six days per week. The Review states that the post offices provide a vital point of access for residential consumers and small businesses. The universal service is under threat though, with the explosion of digital media - the internet, email, mobile text and broadcasting - which has prompted an unprecedented decline in the letters market. The Review does see a positive future for the postal service, provided that postal companies are able to respond quickly to the changing needs of customers and embrace the opportunities which new technology brings. Although the Royal Mail is the only company currently capable of providing the universal service in the UK, it is much less efficient than many of its European peers and faces severe difficulties. Therefore a radical reform of the Royal Mail's network is inevitable, and the organisation needs to modernise faster. To sustain the universal service, the Royal Mail needs to tackle inefficiency, the pension deficit, and the difficult relationships between the company, unions and regulator. The Review sees two distinct phases to modernisation: (i) Transformation: that is, changing the culture of the organisation, by improving efficiency and reducing costs; (ii) Diversify: that is, finding new sources of revenue either by providing related products or expanding to cover a wider geographical area. The Review believes that the Royal Mail urgently needs commercial confidence, capital and corporate experience to modernise quickly and effectively, and recommends a strategic partnership with one or more private sector companies with demonstrable experience of transforming a major business, ideally a major network business, but that Post Office Ltd should remain wholly within public sector ownership.
Author:
Publisher:
ISBN:
Category : Argentina
Languages : en
Pages : 1580
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Book Description
Author: Great Britain: Parliament: House of Commons: Scottish Affairs Committee
Publisher: The Stationery Office
ISBN: 9780215555830
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
The Committee's report considers two key issues: the maintenance of a universal service and the continuation of a sustainable Post Office network across Scotland. The report welcomes assurances that Scotland would not be made exempt from the universal service obligation. Further clarification is needed on Ofcom's power to designate more than one universal service provider. Ofcom should be required to consult with consumers, small businesses and vulnerable users in remote, rural and island communities in Scotland before it recommends any changes to the existing USO. There are considerable advantages to a long, stable and robust relationship between Royal Mail Group and Post Office Ltd and the Committee recommends that a ten year Inter Business Agreement should be reached prior to any sale of Royal Mail. On the Post Office network, the Bill makes no provision for the number of Post Offices and does not set out criteria for access to the network, a matter of concern because the current criteria could be met by 7,500 branches rather than the existing 11,500 branches. This could lead to many closures in Scotland. The Committee recommends that the Government gives assurances to preserving the existing network of branches. Elements of Outreach Post Offices, which replaced 102 Post Office branches in rural and remote parts of Scotland, are not sufficiently robust or reliable to provide an adequate service, according to the Committee, and it fears the new Post Office Local risks downgrading the service further. Improvements should be delivered as a matter of urgency.
Author: Paul Bircher
Publisher: Routledge
ISBN: 1134609167
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
The accounting provisions of the Companies Act 1948 (CA48) represented a major change from the provisions of preceding company legislation, the Companies Act 1929 (CA29). CA48 contained radically different accounting and auditing provisions from those of any previous enactment and represented a substantial stride forward in generally accepted accounting standards. Until the publication of this book the explanation of the changes in CA48 was one that had remained relatively unexplored. This book examines the historical process which brought these regulatory changes about.
Author: Peter N. Davies
Publisher: Liverpool University Press
ISBN: 1786949172
Category : History
Languages : en
Pages : 636
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Book Description
This journal reprints the history of the Elder Dempster company by Peter N. Davies, from 1852-1972, originally published in 1973. It includes an additional chapter, also by Peter Davies, on the history of the company from 1973-1989, covering its decline and final years. The purpose is to describe and analyse the economic history of the Elder Dempster shipping company and its predecessors, plus an account of West African and British economic backgrounds. The journal is divided into five parts, each concerning a different era in the company’s history. Part 1 covers the formation of the African Steam Ship Company (which would eventually merge and become Elder Dempster); Part 2 covers the expansion of Elder Dempster and the partnership with Alfred Lewis Jones; Part 3 explores major historical events and their impact on Elder Dempster, including the Great War, the transition from war to peace, and the end of the Royal Mail group; Part 4 concerns the establishment of Elder Dempster Lines Limited, the emergence of successful rival companies, the Second World War and post-war reconstruction, and prediction for the company for the 1970s and beyond, as this part concluded the first edition of the history; Part 5 is a retrospective look at the 1970s and 1980s, and tracks the decline of Elder Dempster.
