Assuming that a company with spare cash on deposit or a share portfolio did have wide powers to invest under its articles, which most would, what would be a company’s investment objective?

Any corporate investment strategy would embrace all or some of the following objectives:

• Simplifying administration.
• Reducing tax on income and capital gains.
• Deferring tax on income and capital gains.
• Securing control over the timing of any tax liability.
• Improving after tax investment returns.
• Minimising risk of investment.