Conclude by stating the benefits and drawbacks of using Artical of association and its usefulness (if any) to govern the operations of a company.
Conclude by stating the benefits and drawbacks of using Artical of association and its usefulness
(if any) to govern the operations of a company.
Article of Association is an important article that states the rules, regulations, and by-laws that need to be followed for the internal administration of the company. It also states the duties and power vested on the managers and directors, and the rights of the shareholders. The article specifies the boundaries and relationship that has to be maintained between the board of directors, managers and employees. The contents of the articles also includes relationship that needs to be maintained among the directors, managers and employees. This article acts as basic structure for the organization according to which the company has to function.
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