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businessupdate News…


Team is all set for boat race


From page 1 with light clothes on, is essential. Atrophy is awarded to the


winning crew and the top three crews receive medals. Afurther prize is awarded to the team bringing the most sponsorship money on the day. He said: “This is agreat team


building event to enjoy while raising money to support the work of the foundation. The maximum number of teams is 36, and as the demand for places is high, they are allocated on astrictly first come, first served basis.”


Entry fee is £25 to secure aplace


for your team, plus acommitment for your team to raise afurther £500 sponsorship money. Your entry fee may also be raised through sponsorship if you wish. The race, staged on astretch of


the River Wye at Monmouth Rowing Club, starts at 10am on Saturday, June 16 and carries on until 5pm. For further information please


contact Kris Broome 01633 271364 or send an email to


kris.broome@stdavidsfoundation.co. uk.


David Travers QC


Tuesday May 1, 2012


Lecturesshowshow totakeresponsibility A


radical shift in the way that the behaviour of company directors is regulated is required, according to a leading barrister in regulatory law. The move would place the


emphasis on professional regulation, with directors and senior officers belonging to a professional body that could impose standards in the same way as those that oversee doctors, accountants and lawyers. David Travers QC, who delivered his


inaugural lecture in the Taking Responsibility lecture series at the Newport University City Campus, suggested that important lessons could be learned from the way professional bodies regulate their members. David was recently appointed as aVisiting


Professor for the Business Accountability and Responsibility Centre (BARC),amulti- disciplinary research centre which is part of Newport Business School. During his address to an audience of lawyers,


academics and industry experts at the lecture, hosted by BARC, he questioned the wisdom of the current legal mechanisms available. “Shareholders of companies are an


inconsistent mechanism for regulating the board of any other than modestly sized companies,”


said David, who acts for clients all over England and Wales in cases involving matters such as regulatory crime and professional conduct. “The potential impact of adirector’s actions


on the lives of workers, or on the wider public, is so serious and the privileges afforded to directors of companies so great that it seems close to inarguable that they should not be free from any sort of professional regulation.” David also suggested that parliament should


consider the model of professional regulation in order to ensure company management behave responsibly. He argued that such aregime could offer abetter means of enforcing duties on directors, and could play apart in simplifying the regulatory regime. He said: “We need to get to aposition where


the people understand their obligations and how they can comply with them –and when appropriate standards are not met, there should be more sophisticated approaches and remedies in place to offer alternatives to prosecution.” As aleading advocate in the fields of health


and safety, environmental and consumer law, David brings aunique understanding of the practical application of the law which helps inform the research base at the centre.


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