BA4 Exam Dumps : Fundamentals of Ethics, Corporate Governance and Business Law

If a company has restricted the ability of its directors to contact and the directors ignore the restrictions, then the outsiders may not enforce the contract.

The shareholders of a company have the ability to enter into a contract on behalf of the company, irrespective of any restrictions on the directors.

If a company wishes to restrict the ability of its directors to enter into particular contracts it may do so by placing restrictions on the directors in its

articles of association

If the shareholders learn that the directors are about to ignore the restrictions placed upon their ability to contract by the company the shareholders are unable to prevent the directors from proceeding

Respect

Responsibility

Reliability

Timeliness

Because they are the foundations of reasoning and professional practice

Because they are the foundations of human rights

Because they are the foundations of corporate responsibility

Because they are the foundations of management accounting