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Subject to the company's Articles of Association, shareholder approval is not required to authorise the issue of shares direct to one person for a non-cash consideration.

A company's Articles cannot provide that the Articles are unalterable.

The Articles of Association may be altered by special resolution.

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Question 2

The Auditing Practices Board has an objective of establishing ethical standards in relation to which aspects of the work of external auditors and those providing assurance services?

Options:

Transparency, competitiveness and value

Independence, objectivity and competitiveness

Transparency, value and integrity

Independence, objectivity and integrity

Question 3

The UK Corporate Governance Code is primarily directed at which type of business organization?

Options:

All limited liability business organizations

All business organizations

All private companies

All listed public companies

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