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A credit card for the Chairman

12th March 2013 10 Comments

 

“We are about to appoint a new Chairman and wondered whether other companies provide a company credit card with this office?”

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Comments

  1. FTSE100 said

    13th March 2013 at 4:39 pm

    We do not provide credit cards to our Chairman or NEDs. Expenses are either billed direct to the Company or paid through the expenses system.

    • FTSE SMALL CAP said

      13th March 2013 at 1:46 pm

      we did not supply company credit cards to the chairman or NEDs. Indeed, company credit cards were withdrawn from all employees and expenses reimbursed before personal credit card bills were due.

      • FTSE250 said

        13th March 2013 at 1:31 pm

        We do not provide credit cards to the Chairman or NEDs generally. We do, wherever possible, ensure that expenses are billed direct to the company.

        • FTSE100 said

          13th March 2013 at 12:06 pm

          We do not provide a credit card for the Chariman or any other NED. Any expenses are either paid directly by the company or reimbursed via the Company’s normal expenses procedure.

          • FTSE250 said

            13th March 2013 at 11:42 am

            We do not issue company credit cards to the Chairman and NEDS. We settle any expense claims by cheque/transfer. In fact, we discourage our employees from having a company credit card because of the costs. Instead we reimburse expenses via Global Expense within 7 days of approval, so the individual would normally be in funds long before their personal credit card bill was due. This doesnt seem to be a problem.

            • FTSE SMALL CAP said

              13th March 2013 at 11:18 am

              We provide a company credit card for our executive directors and Chairman for payment of business expenses.

              • FTSE SMALL CAP said

                13th March 2013 at 11:15 am

                We do not provide company credit cards to any of our NEDs.

                • FTSE250 said

                  13th March 2013 at 11:11 am

                  Yes we do, but not to any other NEDs.

                  • FTSE250 said

                    13th March 2013 at 10:58 am

                    we do not provide credit cards to our chairman or NEDs
                    Doing so would be very ununusual and no doubt would generate tax implications and Directors’ loans issues

                    • FTSE250 said

                      13th March 2013 at 10:37 am

                      Our senior executives only have company cards. The chairman and NEDs do not.

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