| The CIMA Learning System |
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xi | |
| Acknowledgements |
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xi | |
| How to use your CIMA Learning System |
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xi | |
| Guide to the Icons used within this Text |
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xiii | |
| Study technique |
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xiii | |
| Fundamentals of ethics, corporate governance and business law syllabus |
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xvi | |
| Learning outcomes and indicative syllabus content |
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xvii | |
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Comparison of English Law with Alternative Legal Systems |
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1 | (42) |
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3 | (1) |
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3 | (2) |
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The sources of English law |
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5 | (5) |
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5 | (1) |
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5 | (1) |
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6 | (1) |
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Judicial interpretation of legislation |
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7 | (2) |
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9 | (1) |
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10 | (1) |
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Judicial precedent and the tort of negligence |
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10 | (11) |
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11 | (4) |
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15 | (1) |
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16 | (1) |
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17 | (1) |
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Damage caused by negligence |
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17 | (1) |
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18 | (1) |
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Negligence and professional advisers |
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18 | (3) |
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21 | (12) |
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European Union and Member States |
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22 | (5) |
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Legal systems around the world |
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27 | (3) |
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30 | (2) |
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International legal relations |
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32 | (1) |
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33 | (10) |
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35 | (4) |
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Solutions to Revision Questions |
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39 | (4) |
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43 | (62) |
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45 | (1) |
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45 | (2) |
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The essential elements of a valid simple contract |
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46 | (1) |
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46 | (1) |
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Transactions where a deed is required |
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47 | (1) |
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47 | (10) |
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47 | (2) |
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49 | (5) |
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54 | (3) |
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Intention that the agreement should be legally binding |
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57 | (3) |
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58 | (2) |
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The contents of the contract --- the agreement and incorporation of terms |
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60 | (7) |
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60 | (1) |
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61 | (1) |
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61 | (6) |
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The status of contractual terms |
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67 | (2) |
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The repercussions of a breach of contract |
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67 | (1) |
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67 | (1) |
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68 | (1) |
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How to determine the status of contractual terms |
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68 | (1) |
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69 | (4) |
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Exemption clauses and the courts |
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70 | (1) |
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The Unfair Contract Terms Act 1977 |
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71 | (1) |
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Other Acts which restrict unfair terms |
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72 | (1) |
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The Unfair Terms in Consumer Contracts Regulations 1994 |
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73 | (1) |
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Performance of the contract and reasons for non-performance |
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73 | (6) |
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74 | (2) |
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Valid reasons for non-performance |
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76 | (3) |
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79 | (1) |
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Remedies for breach of contract |
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79 | (9) |
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79 | (2) |
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Other non-monetary remedies |
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81 | (1) |
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Remedies in sale of goods contracts |
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82 | (1) |
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Requiring payment of the price |
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83 | (1) |
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83 | (5) |
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88 | (1) |
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88 | (17) |
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91 | (8) |
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Solutions to Revision Questions |
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99 | (6) |
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105 | (32) |
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107 | (1) |
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The employment relationship |
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107 | (11) |
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Employees and contractors |
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108 | (3) |
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111 | (1) |
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111 | (1) |
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Other duties of employers |
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112 | (1) |
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Statutory rights of employees |
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113 | (4) |
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Implied duties of employees |
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117 | (1) |
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118 | (6) |
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119 | (1) |
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Summary dismissal and wrongful dismissal |
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119 | (1) |
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120 | (4) |
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124 | (1) |
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124 | (5) |
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124 | (3) |
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Civil liability for occupational injuries |
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127 | (1) |
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Social security compensation |
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128 | (1) |
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129 | (8) |
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131 | (4) |
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Solutions to Revision Questions |
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135 | (2) |
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137 | (80) |
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139 | (1) |
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The impact of the Companies Act 2006 |
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139 | (5) |
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The commencement dates of the remaining parts of the Companies Act 2006 |
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140 | (3) |
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General overview of the impact of the Companies Act 2006 |
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143 | (1) |
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Actions to be taken now in order to ensure that the company complies with the provisions which have already come into force |
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144 | (1) |
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144 | (14) |
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Individual traders/practitioners |
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144 | (2) |
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Partnerships (and some comparisons with companies) |
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146 | (8) |
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Limited liability partnerships (LLPs) |
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154 | (4) |
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158 | (15) |
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The concept of incorporation |
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158 | (1) |
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Some features of corporate personality |
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158 | (2) |
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Different types of companies |
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160 | (4) |
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`Lifting the veil' of incorporation |
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164 | (9) |
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173 | (16) |
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173 | (1) |
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174 | (4) |
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`Off-the-shelf' companies |
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178 | (1) |
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The company's `constitution' |
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179 | (10) |
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Corporate capacity to contract |
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189 | (3) |
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Pre-incorporation contracts |
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189 | (1) |
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The ultra vires doctrine: the company's capacity |
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190 | (1) |
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191 | (1) |
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Advantages and disadvantages of companies limited by shares |
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192 | (2) |
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192 | (1) |
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193 | (1) |
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Other features of companies |
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194 | (1) |
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The use and procedure of board meetings and general meetings of shareholders |
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194 | (3) |
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195 | (1) |
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196 | (1) |
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197 | (2) |
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199 | (7) |
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200 | (1) |
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201 | (4) |
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Shareholders' rights and duties |
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205 | (1) |
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206 | (11) |
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209 | (4) |
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Solutions to Revision Questions |
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213 | (4) |
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Company Finance and Management |
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217 | (58) |
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219 | (1) |
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219 | (4) |
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219 | (1) |
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Terminology: meaning of `share capital' |
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220 | (1) |
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220 | (3) |
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223 | (6) |
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Authority to issue shares |
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223 | (1) |
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224 | (3) |
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Factors to take into account when issuing shares |
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227 | (1) |
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Payment for and value of shares |
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227 | (1) |
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The issue of shares for an improper purpose |
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228 | (1) |
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Variation and maintenance of share capital |
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229 | (6) |
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229 | (1) |
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230 | (1) |
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A company acquiring its own shares |
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230 | (3) |
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233 | (1) |
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Provision by a company of financial assistance for the purchase of its own shares |
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233 | (2) |
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A company holding its own shares |
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235 | (1) |
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235 | (9) |
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235 | (1) |
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236 | (1) |
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236 | (4) |
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240 | (1) |
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241 | (1) |
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Debentures and debenture stock |
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242 | (1) |
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Rights of debenture holders on default by the company |
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243 | (1) |
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Shares and debentures compared |
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244 | (1) |
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Corporate management - directors |
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244 | (6) |
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245 | (1) |
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245 | (1) |
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246 | (1) |
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Disqualification of directors |
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247 | (1) |
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248 | (1) |
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Registers and information concerning directors |
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249 | (1) |
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Powers and duties of directors |
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250 | (6) |
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250 | (1) |
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Limits and controls over the powers of directors |
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250 | (1) |
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Loans and quasi loans to directors |
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251 | (1) |
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Duties of directors to the company |
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252 | (4) |
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Liability of directors to shareholders |
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256 | (1) |
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Liability of directors to the company's creditors |
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256 | (2) |
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Division of powers between directors and shareholders |
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258 | (5) |
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Duty of the board to report to a general meeting |
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259 | (1) |
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Exemption clauses for directors |
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259 | (1) |
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Majority rule, default, breach of duty or trust is void; similarly with any provision which tries to indemnify him |
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260 | (1) |
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The exceptions to the Rule in Foss v. Harbottle (1843) |
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260 | (2) |
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Wrongs to members personally |
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262 | (1) |
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Unfairly prejudicial conduct: companies act 2006, s.994 |
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262 | (1) |
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Winding up on the just and equitable ground: Insolvency Act 1986, s.122(g) |
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263 | (1) |
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Other statutory rights and remedies |
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263 | (1) |
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263 | (2) |
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263 | (1) |
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264 | (1) |
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264 | (1) |
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264 | (1) |
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264 | (1) |
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265 | (10) |
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267 | (4) |
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Solutions to Revision Questions |
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271 | (4) |
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275 | (26) |
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277 | (1) |
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277 | (4) |
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Regulations, legislation, guidelines, codes and other standards: what do they all mean? |
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281 | (3) |
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Isn't ethics simply a question of knowing the rules and sticking to them? |
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284 | (4) |
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The CIMA and IFAC `Codes of Ethics for Professional Accountants' |
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288 | (1) |
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Personal development and life-long learning |
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289 | (2) |
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290 | (1) |
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291 | (4) |
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291 | (1) |
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292 | (1) |
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Professional competence and due care |
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292 | (1) |
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293 | (1) |
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294 | (1) |
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Concepts of independence, accountability and responsibility |
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295 | (6) |
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295 | (1) |
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296 | (1) |
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296 | (1) |
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297 | (2) |
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Solutions to Revision Questions |
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299 | (2) |
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301 | (18) |
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303 | (1) |
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The relationship between ethics, governance, the law and social responsibility |
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303 | (4) |
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Ethical Codes vs Legislation |
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303 | (1) |
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Ethical Codes vs Contracts |
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304 | (1) |
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Corporate governance and responsibility |
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305 | (2) |
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307 | (1) |
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Ethical dilemmas and conflicts of interest |
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308 | (11) |
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308 | (1) |
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Identifying ethical dilemmas |
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308 | (2) |
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310 | (1) |
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Resolving ethical dilemmas |
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311 | (4) |
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315 | (2) |
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Solutions to Revision Questions |
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317 | (2) |
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319 | (22) |
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321 | (1) |
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321 | (1) |
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What is corporate governance? |
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322 | (1) |
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Governance, ethics and company law |
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322 | (3) |
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The history of corporate governance internationally |
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325 | (4) |
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The effect of corporate governance on directors' behaviour and their duties of care and skill |
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329 | (2) |
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331 | (2) |
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Best Practice --- policies and procedure |
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333 | (1) |
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The Regulatory Governance Framework for UK Companies |
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334 | (1) |
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335 | (6) |
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337 | (2) |
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Solutions to Revision Questions |
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339 | (2) |
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Appendix 1 CIMA Code of Ethics for Professional Accountants |
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341 | (82) |
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Preparing for the Assessment |
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423 | (42) |
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425 | (1) |
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426 | (1) |
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426 | (1) |
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426 | (3) |
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429 | (22) |
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Solutions to Revision Questions |
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451 | (14) |
| Mock Assessment 1 |
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465 | (22) |
| Mock Assessment 2 |
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487 | (22) |
| Index |
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509 | |
