Why do directors need to have their duties spelled out in statute Essay

Why do directors need to have their duties spelled out in statute - Essay Example directors must promote the success of the company for the benefit of its members rather than benefiting other group’s interests, but in the same way, have to observe the interests of other groups that contribute to the success of the company such as suppliers. Enshrining the regulations as law in spelling the director’s duties, is meant to formulate a favourable corporate legal environment that offer ease of access to the corporate form, minimum interference with the company management and appropriate investor protection for the overall success of the company (Companies Act 2006, Section 170-177). Advantages The codification of directors’ duties provides a clear working ground that promotes a patent definition of their roles in ensuring that the company achieves greater heights of prosperity and growth. Right from management roles and integrating issues within the market under which the company competes the law provides that directors as trustees should act in the interest of the company’s success. They should have regard to all relevant considerations and highlighting areas of particular importance that will steer the company in heights of growth. Integrating and widening the enterprise culture is an increasing major policy that is upcoming in the United Kingdom. This however is enshrined in coming up with suitable legislation that will govern the directors of business companies in their exercise for the duties. This will help in providing a successful platform for initiatives in businesses to elevate the UK business environment into global standards and making it the best place to do business. The modernization of the company law is a significant drive to facilitate and enhance the UK business enterprises to be competitive in the entire Europe and around the world appropriate investor protection and managerial freedom Directors as Managers of the companies in the UK are expected to ensure that the proposed intervention legislation are modelled to

Article Rebuttal Essay Example | Topics and Well Written Essays - 500 words - 1

Article Rebuttal - Essay Example as Anthony Watts have found flaws in the Muller study because his theory does not add any value to the controversy since he does not focus on finding out whether humans are critical variable causing global warming. Global warming is a hot business topic because the governmental environmental regulators are getting stricter as time passes and are imposing new regulations that increase the costs of the company in order to implement the EPA mandates. During the 1990s when the topic of global warming became mainstreamed it was discussed as a threat to society and the government propaganda focused on blaming pollution from cars and industrial activity as the main cause of this phenomenon. Since then society has also realized that deforestation is a major contributor to global warming. The world is using too much paper and they a cutting down trees at an alarming rate. There are technological solutions on the way to lower the dependence of wood to create paper. An innovative company called Papyrus Australia invented a patented technology to produce paper out of the trucks of banana trees. Banana plants are a renewable source. The article lacked substance and critical solutions to the problem of global warming. The author’s arguments were irrational and they failed to bring any relevant new information to the table. The effect of the problem on humanity was not clearly identified. In my opinion the author should have focus more on finding solutions to the problem and stating the types of behavioral changes that have to occur from humanity to lower the effect of global warming and possibly eradicate the problem in the near future. Despite my criticism of the article there was some information that added some value to the discussion of the global warming topic. The author used some historical perspective on the topic which is always a good writing technique. I learned about the existence of a little Ice Age that occurred between 1300 A.D. and 1900 A.D. There were also