Business ownership and management

While poor governance can bring serious legal consequences, the law can also protect business owners and managers and help to prevent conflict.

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The board of directors - overview

The board of directors are responsible for managing a company. As well as looking after corporate governance, they help take the business forward.

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ARTICLE

Shares and shareholders - overview

Your company articles of association usually set out shareholders' rights. You can use a separate shareholders agreement to cover other key issues.

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ARTICLE

Family businesses - overview

Building a family business and passing it on to your children can be enormously rewarding, but may present ownership and management challenges.

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ARTICLE

Employing family members

Employing family members within the business can create tensions. Encourage family and workplace harmony, to bring commercial and personal benefits.

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FAQS

Ownership issues FAQs

Shareholders have certain rights, usally attached to the class of shares that they hold in a company, as well as various obligations and liabilities.

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ARTICLE

Build your company's board

How to appoint a board of directors with the range of skills and experience needed to help guide your business and help it grow.

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ARTICLE

Directors' responsibilities

Company directors have wide powers to help them promote the success of their business - and face strict penalties if they abuse them. Our overview.

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ARTICLE

Effective board meetings

Successful businesses use board meetings to create and improve key strategies. Our guide to preparing for, running and following up board meetings.

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ARTICLE

Role of the company secretary

Company secretaries share legal responsibilities with directors for a business under the Companies Act. Our guide to the main duties of the role.