Company Secretary, Auditors - ACCA Corporate and Business Law (LW) (ENG)
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4 Comments
A
Asher·
Thanks Mike for your well explained lecture. I love the lecture on Auditors - rights and duties as an auditor.
A
Asher·
Imagine me an auditor watching this section of your lecture lol
M
MikeLittleTutor·
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
OK?
T
Temitope·
Are the members cited in this chapter the shareholders??? If yes, who are the directors?
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
OK?