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Card & James' Business Law

Card & James' Business Law (4th edn)

Lee Roach
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date: 26 June 2022

p. 54320. The constituents of a companylocked

p. 54320. The constituents of a companylocked

  • Lee RoachLee RoachSenior Lecturer in Law, University of Portsmouth

Abstract

This chapter examines the principal constituents who make up and contribute to the success of companies in the UK. The role of the members is discussed, especially their role in corporate decision making. What is a director and the powers of the board of directors are examined, as well as a discussion of the appointment and remuneration of directors. The importance of the company secretary is examined. The chapter than looks at the role of the company’s auditor as well as the liability that can be imposed upon a negligent auditor. Finally, the chapter looks at the position occupied by a company’s creditors and examines how they can protect themselves via taking security, such as a fixed or floating charge over the company’s assets.

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