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July 25, 2018 at 11:36 pm
For our purposes the words ‘members’ and ‘shareholders’ are synonymous
Strictly speaking, this is technically incorrect but for the ACCA LW paper you can take it that these two words are interchangeable
Who are the directors? These are the people elected by the members / shareholders to run the company on behalf of the members / shareholders
These directors may or may not also be members / shareholders in their own right (and most commonly ARE) but it’s not automatically the case that directors are also members / shareholders
July 25, 2018 at 7:29 pm
Are the members cited in this chapter the shareholders??? If yes, who are the directors?
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