Lecture

Company Law: General Meeting, Board of Directors, Shareholders' Rights

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In course

MGT-455: Practical business law

The course covers the fundamental concepts of business law from a practical standpoint, including contracts and company law, intellectual property, data protection and competition law, with a special focus on issues specific to start-up companies. ...

Description

This lecture covers the legal aspects related to company law, focusing on the general meeting and the board of directors. It explains the rules regarding majorities in shareholder meetings, the powers and duties of the board of directors, and the composition and organization of the board. It also discusses the delegation of management, the rights and duties of shareholders, the role of auditors, and the protection of company capital. The lecture delves into topics such as the structure of the board of directors, the importance of transparency in capital protection, and the consequences of financial distress.

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Related concepts (32)

Legal liability

In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability. Claimants can prove liability through a myriad of different theories, known as theories of liability. Which theories of liability are available in a given case depends on nature of the law in question.

Limited liability

Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors.

Corporate law

Corporate law (also known as business law, company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations. Corporate law often describes the law relating to matters which derive directly from the life-cycle of a corporation. It thus encompasses the formation, funding, governance, and death of a corporation.

Share (finance)

In financial markets, a share (sometimes referred to as stock) is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder.

Board of directors

A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws.

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