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NFU Mutual
NFU Mutual is a UK insurance composite. It is a mutual business, therefore policyholder members own the business, and the executives and directors are accountable to them. The full name of the organisation is National Farmers' Union Mutual Insurance Society Limited. The business is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, with complaints oversight available by statute via the Financial Ombudsman Service. History Founded in 1910 in Stratford-upon-Avon, Warwickshire, as the Midlands Farmers' Mutual Insurance Society Ltd, the company initially provided insurance exclusively to farmers' union members asserting a 15% premium discount. John William Lowe was the first chair, James Robertson Black became the first managing director in 1912, and his farmhouse was the first office. The society became the official insurer of the National Farmers' Union (NFU) in 1919, adopting the name NFU Mutual. It was governed by 16 di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Organization
A mutual organization, also mutual society or simply mutual, is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a cooperative, members usually do not directly contribute to the capital of the organization, but derive their right to profits and votes through their customer relationship. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pay income tax. Surplus revenue made will usually be re-invested in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Accounting
Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of Financial statement audit, financial statements available for public use. Shareholder, Stockholders, vendor (supply chain), suppliers, banks, employees, government agencies, business owners, and other stakeholder (corporate), stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of accounting st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annual General Meeting
An annual general meeting (AGM, also known as the annual meeting) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. These meetings may be required by law or by the constitution, charter, or by-laws governing the body. The meetings are held to conduct business on behalf of the organization or company. Purpose An organization may conduct its business at the annual general meeting. The business may include electing a board of directors, making important decisions regarding the organization, and informing the members of previous and future activities. At this meeting, the shareholders and partners may receive copies of the company's accounts, review fiscal information for the past year, and ask any questions regarding the directions the business will take in the future. At the annual general meeting, the president or chairman of the organization presides over the meeting and may gi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Articles Of Association
In corporate governance, a company's articles of association (AoA, called articles of incorporation in some jurisdictions) is a document that, along with the memorandum of association (where applicable), forms the company's constitution. The articles define the responsibilities of the Board of directors, directors, the nature of business, and the mechanisms by which shareholders exert control over the board of directors. Articles of association are essential to corporate operations, as they may regulate both internal and external affairs. Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada. They generally are filed with the Secretary of State in the U.S. State where the company is incorporated, or other list of company registers, company registrar. An equivalent term for limited liability companies (LLCs) in the United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder
A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of shareholders on the business is determined by the shareholding percentage owned. Shareholders of corporations are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solvency II
Solvency II Directive 20092009/138/EC is a Directive (European Union), Directive in European Union law that codifies and harmonises the EU insurance regulation. Primarily this concerns the amount of capital that European Union, EU insurance companies must hold to reduce the risk of insolvency. Following an EU Parliament vote on the Omnibus II Directive on 11 March 2014, Solvency II came into effect on 1 January 2016. This date had been previously pushed back many times. Aims EU insurance legislation aims to unify a single EU insurance market and enhance consumer protection. The third-generation Insurance Directives established an "EU passport" (single licence) for insurers to operate in all member states if they fulfilled EU conditions. Many member states concluded the EU minima were not enough, and took up their own reforms, which still led to differing regulations, hampering the goal of a single market. Political implications of Solvency II A number of the large Life Insurers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of The United Kingdom
The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body of the United Kingdom, and may also legislate for the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster in London. Parliament possesses legislative supremacy and thereby holds ultimate power over all other political bodies in the United Kingdom and the Overseas Territories. While Parliament is bicameral, it has three parts: the sovereign, the House of Lords, and the House of Commons. The three parts acting together to legislate may be described as the King-in-Parliament. The Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation. The House of Commons is the elected lower chamber of Parliament, with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional conventi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Birmingham Pride
Birmingham Pride is a weekend-long LGBTQ+ festival held annually in the Gay Village, Hurst Street, Birmingham, England, over the spring bank holiday weekend. Birmingham Pride is the UK's largest two-day gay pride festival. It usually features a carnival parade through the city centre, plus dance and musical events, funfair rides, a temporary village green, and street stalls and entertainments. History The first Birmingham Gay Pride Weekend took place on 8–9 July 1977, one week after the first London Gay Pride Week, itself the first Gay Pride Rally to take place outside the United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 .... Although "hastily arranged and not very well conceived", the Birmingham event featured dances, two "Gay Days" in Cannon Hill Park and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LGBTQ People
LGBTQ people are individuals who are lesbian, gay, bisexual, transgender, queer, or questioning. Many variants of the initialism are used; LGBTQIA+ people incorporates intersex, asexual, aromantic, agender, and other individuals. The group is generally conceived as broadly encompassing all individuals who are part of a sexual or gender minority, including all sexual orientations, romantic orientations, gender identities, and sex characteristics that are not heterosexual, heteroromantic, cisgender, or endosex, respectively. Scope and terminology A broad array of sexual and gender minority identities are usually included in who is considered LGBTQ. The term ''gender, sexual, and romantic minorities'' is sometimes used as an alternative umbrella term for this group. Groups that make up the larger group of LGBTQ people include: * People with a sexual orientation that is non-heterosexual, including lesbians, gay men, bisexual people, and asexual people * People who are tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Of London Police
The City of London Police is the territorial police force#United Kingdom, territorial police force responsible for law enforcement within the City of London, England, including the Middle Temple, Middle and Inner Temple, Inner Temples. The force responsible for law enforcement within the remainder of the Greater London, London region, outside the city, is the much larger Metropolitan Police, a separate organisation. The City of London, which is now primarily a financial business district with a small resident population but a large commuting workforce, is the historic core of London, and has an administrative history distinct from that of the rest of the metropolis, of which its separate police force is one manifestation. The City of London area has a resident population of around 8,700; however, there is also a daily influx of approximately 513,000 commuters into the city, along with thousands of tourists. The police authority is the City of London Corporation, Common Council ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environment, Food And Rural Affairs Select Committee
The Environment, Food and Rural Affairs Select Committee (EFRA) is a select committee of the House of Commons in the Parliament of the United Kingdom. The remit of the Committee is to examine the expenditure, administration and policy of the Department for Environment, Food and Rural Affairs and its associated public bodies. Current Membership Membership of the committee is as follows: 2019-2024 Parliament The chair was elected on 27 January 2020, with the members of the committee being announced on 2 March 2020. Parish's resignation from the House of Commons became effective on 4 May 2022. Geraint Davies served as interim Chair until the election of Robert Goodwill as new committee Chairman. Changes 2019-2024 2017-2019 Parliament The chair was elected on 12 July 2017, with the members of the committee being announced on 11 September 2017. Changes 2017-2019 2015-2017 Parliament The chair was elected on 18 June 2015, with members being announced on 8 July 2015. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
