Corporate governance

Company Law 1

Speaking part 2: long turn

Read Professional English in Use – Finance Unit 5, “Company Law 1” before giving a one-minute talk on the following topics:-

Company law 1

  • how partnerships differ from sole trader businesses
  • how a company’s legal status differs from partnerships and sole traders
  • how a company’s liability differs from other enterprises

Company law 2

  • the consequences of a company’s status as a ‘legal entity’
  • ‘capital’ and the effect of ‘limited liability’
  • the purpose of ‘limited liability’

Company law 3

  • the different roles of a company’s managers and owners
  • the purpose of standard corporate governance procedures
  • the role of non-executive directors

Company law 4

  • the purposes of Articles of Association
  • what is stated by the Memorandum of Association
  • when and by whom these documents are prepared

Speaking part 3: discussion

A large company, which currently only works in one country, is considering opening a new subsidiary in the UK. You have been asked to discuss what type of company should be started.

Discussion points:

  • the difference between starting a partnership and a company
  • how having limited liability will affect the company
  • what documents and rules will need to be prepared if a company is started in the UK

Read Professional English in Use – Finance Unit 6, “Company Law 2” before giving a one-minute talk on the following topics:-

Company law 5

  • how private and public companies differ
  • responsibilities of corporations registered with the US Securities and Exchange Commission (SEC)
  • how the responsibilities of companies traded on the London Stock exchange are different.

Company law 6

  • which companies hold Annual General Meetings (AGMs)
  • the purpose of AGMs
  • why Extraordinary General Meetings (EGMs) may be organised
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