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Akosua has called you, Pharma Heal Corporation's valued business consultant, for help in getting ready to meet with a United States senator.
Other than redeemable shares, in what circumstances may a company purchase its own shares?
How may a company reduce its issued share capital? Explain the concept of treasury shares.
Explain the distinction between executive and non- executive directors. Who is responsible for the management of the company?
What are the rules in relation to loans, quasi- loans and credit transactions in favour of directors?
Is the Companies Act 2006 signifi cant in relation to directors’ duties? What is the scope of s 172 of the Companies Act 2006?
Explain what is meant by the duty to exercise independent judgement. Give examples of how directors must exercise powers for a proper purpose.
What is the scope of directors’ fiduciary duties? Can a director ever compete with a company of which he is a director?
Can directors ever be personally liable in relation to contracts undertaken by the company through the agency of a director?
What are the statutory rules in relation to political donations made by companies?
How are Alternative Investment Market companies governed in relation to corporate governance?
Describe how directors may bind the company, even if the contract is beyond the company’s constitution.
What types of matters are likely to be covered by a company’s articles when it registers its constitution?
What special rules apply in relation to dividends paid by investment companies?
What particular rules apply in relation to the payment of dividends by insurance companies? What constitutes a distribution in kind?
What are the restrictions that apply in relation to payment for shares? What does an issue of a share at a premium mean?
What organisation has oversight of the issue of shares to the public? What legislation applies in relation to public issues of shares?
What are the statutory objectives of the organisation charged with oversight of the issue of shares to the public?
How does pre- emption apply in relation to a company’s issue of shares? What restrictions may apply on the transfer of shares?
What are the functions performed by the organisation charged with oversight of the issue of shares to the public?
Who is regulated by the organisation charged with the oversight of the issue of shares to the public?
What are the powers of the organisation charged with responsibility in this area in relation to the public issue of securities?
What used to happen at common law where contracts were ultra vires? Explain the impact of the European Communities Act 1972 Section 9(1).
What happens where a company enters into a transaction and one of the other parties is a director or someone connected with a director?
What happens in relation to resolutions or agreements affecting a company’s constitution after registration?