Once the company is set up and running, all of its trading activities are subject to the direction and management by its directors, which is commonly referred to as corporate governance and is subject to shareholders’ authority.
Directors will normally have a delegated authority (via the Articles or by resolution of the board of directors) to bind the company when dealing with creditors (including securing assets of the company), tax authorities, customers, potential customers, regulatory authorities, instruction of accountants and lawyers and all contact with the public at large.
The decision on direction, although broadly reviewed at annual shareholder meetings, will generally be a product of the directors’ decisions as regards marketing of the product or service, how it is perceived in the market and general brand development issues.
For more information about forming a company call Francis Wilks and Jones on : 020 7841 0390 and ask for Senior Associate Sally Bradshaw
For more information about forming a company call Francis Wilks and Jones on : 020 7841 0390 and ask for Senior Associate Sally Bradshaw
