press clippings
Monday, 12 Oct 2009
firms should act now to sort out their constitution
In many ways the operation of a limited company is similar to that of our country – the directors are the “elected” agents of the shareholders, just as the government is that of the voting public. Each is then given the task of running the company and the country respectively in a way that best suits the interests of those it represents.
The difference is that with limited companies, the shareholders can step up and change how things are being run without having to wait for the directors to call a general election – arguably a much more democratic system…