| How to use these materials |
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xii | |
| Guide to the Icons used within this Text |
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xiv | |
| Study technique |
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xiv | |
| Fundamentals of ethics, corporate governance and business law syllabus |
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xvii | |
| Learning objectives and indicative syllabus content |
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xviii | |
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Comparison of English Law with Alternative Legal Systems |
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1 | (50) |
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Chapter Learning Objectives |
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1 | (1) |
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2 | (1) |
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The sources of English law |
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3 | (5) |
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4 | (1) |
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4 | (1) |
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5 | (2) |
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7 | (1) |
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8 | (1) |
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Judicial precedent and the tort of negligence |
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8 | (14) |
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8 | (6) |
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14 | (1) |
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15 | (1) |
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16 | (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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19 | (3) |
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22 | (29) |
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European Union and Member States |
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23 | (4) |
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European Constitution content |
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27 | (1) |
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Institutions of the European Union |
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27 | (6) |
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Legal systems around the world |
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33 | (4) |
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37 | (3) |
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International legal relations |
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40 | (3) |
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Test your understanding Questions |
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43 | (4) |
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Test your understanding Answers |
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47 | (4) |
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51 | (82) |
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Chapter Learning Objectives |
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51 | (1) |
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52 | (2) |
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The essential elements of a valid simple contract |
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52 | (1) |
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53 | (1) |
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Transactions where a deed is required |
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53 | (1) |
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54 | (13) |
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54 | (2) |
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56 | (7) |
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63 | (4) |
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Intention that the agreement should be legally binding |
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67 | (4) |
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69 | (2) |
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The contents of the contract---the agreement and incorporation of terms |
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71 | (10) |
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72 | (1) |
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73 | (1) |
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73 | (8) |
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The status of contractual terms |
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81 | (3) |
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The repercussions of a breach of contract |
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81 | (1) |
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81 | (1) |
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82 | (1) |
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How to determine the status of contractual terms |
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83 | (1) |
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84 | (6) |
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Exemption clauses and the courts |
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85 | (1) |
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The Unfair Contract Terms Act 1977 |
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86 | (2) |
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Other Acts which restrict unfair terms |
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88 | (1) |
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The Unfair Terms in Consumer Contracts Regulations 1994 |
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89 | (1) |
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Performance of the contract and reasonsfor non-performance |
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90 | (7) |
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90 | (3) |
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Valid reasons for non-performance |
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93 | (4) |
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97 | (1) |
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Remedies for breach of contract |
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98 | (35) |
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98 | (2) |
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Other non-monetary remedies |
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100 | (1) |
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Remedies in sale of goods contracts |
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101 | (1) |
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Requiring payment of the price |
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102 | (1) |
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103 | (6) |
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109 | (4) |
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Test your understanding Questions |
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113 | (12) |
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Test your understanding Answers |
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125 | (8) |
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133 | (40) |
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Chapter Learning Objectives |
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133 | (1) |
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The employment relationship |
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134 | (14) |
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Employees and contractors |
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135 | (3) |
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138 | (1) |
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138 | (2) |
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Other duties of employers |
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140 | (1) |
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Statutory rights of employees |
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141 | (5) |
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Implied duties of employees |
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146 | (2) |
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148 | (10) |
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148 | (1) |
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Summary dismissal and wrongful dismissal |
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149 | (4) |
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153 | (4) |
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157 | (1) |
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158 | (15) |
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158 | (4) |
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Civil liability for occupational injuries |
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162 | (1) |
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Social security compensation |
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163 | (2) |
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Test your understanding Questions |
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165 | (6) |
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Test your understanding Answers |
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171 | (2) |
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173 | (100) |
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Chapter Learning Objectives |
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173 | (1) |
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The impact of the Companies Act 2006 |
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174 | (4) |
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The commencement dates of the remaining parts of the Companies Act 2006 |
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175 | (2) |
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General overview of the impact of the Companies Act 2006 |
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177 | (1) |
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178 | (18) |
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Individual traders/practitioners |
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178 | (2) |
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Partnerships (and some comparisons with companies) |
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180 | (11) |
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Limited liability partnerships (LLPs) |
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191 | (5) |
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196 | (21) |
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The concept of incorporation |
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196 | (1) |
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Some features of corporate personality |
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197 | (2) |
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Different types of companies |
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199 | (5) |
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`Lifting the veil' of incorporation |
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204 | (13) |
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217 | (20) |
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217 | (1) |
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218 | (6) |
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`Off-the-shelf' companies |
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224 | (1) |
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The company's `constitution' |
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225 | (12) |
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Corporate capacity to contract |
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237 | (3) |
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Pre-incorporation contracts |
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237 | (1) |
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The ultra vires doctrine: the company's capacity |
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238 | (2) |
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240 | (1) |
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Advantages and disadvantages of companies limited by shares |
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240 | (4) |
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241 | (1) |
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242 | (1) |
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Other features of companies |
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243 | (1) |
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The use and procedure of board meetings and general meetings of shareholders |
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244 | (4) |
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245 | (1) |
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246 | (2) |
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248 | (3) |
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251 | (22) |
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252 | (1) |
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253 | (6) |
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Shareholders' rights and duties |
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259 | (4) |
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Test your understanding Questions |
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263 | (6) |
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Test your understanding Answers |
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269 | (4) |
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Company Finance and Management |
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273 | (80) |
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Chapter Learning Objectives |
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273 | (1) |
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274 | (4) |
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274 | (1) |
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Terminology: meaning of `share capital' |
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274 | (1) |
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275 | (3) |
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278 | (8) |
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Authority to issue shares |
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278 | (6) |
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Payment for and value of shares |
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284 | (2) |
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The issue of shares for an improper purpose |
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286 | (1) |
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Variation and maintenance of share capital |
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286 | (8) |
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286 | (1) |
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287 | (1) |
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A company acquiring its own shares |
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288 | (4) |
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The reduction of capital---CA 1985, s. 135 |
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292 | (1) |
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Provision by a company of financial assistance for the purchase of its own shares |
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292 | (2) |
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A company holding its own shares |
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294 | (1) |
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294 | (13) |
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294 | (1) |
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295 | (1) |
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296 | (5) |
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301 | (2) |
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303 | (1) |
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Debentures and debenture stock |
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304 | (1) |
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Rights of debenture holders on default to by the company |
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305 | (1) |
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Shares and debentures compared |
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306 | (1) |
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Corporate Management---Directors |
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307 | (7) |
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307 | (1) |
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308 | (1) |
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309 | (1) |
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Disqualification of directors |
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310 | (2) |
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312 | (1) |
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Registers and information concerning directors |
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313 | (1) |
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Powers and duties of directors |
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314 | (15) |
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314 | (1) |
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Limits and controls over the powers of directors |
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315 | (1) |
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Duties of directors to the company |
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316 | (3) |
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319 | (1) |
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Liability of directors to shareholders |
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319 | (10) |
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Liability of directors to the company's creditors |
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329 | (3) |
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Division of powers between directors and shareholders |
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332 | (6) |
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Duty of the board to report to a general meeting |
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333 | (1) |
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Exemption clauses for directors |
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334 | (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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334 | (1) |
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335 | (1) |
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Wrongs to members personally |
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336 | (1) |
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Unfairly prejudicial conduct: Companies Act 1985, s.459 |
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336 | (1) |
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Winding up on the just and equitable ground: Insolvency Act 1986, s.122(g) |
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337 | (1) |
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Other statutory rights and remedies |
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338 | (1) |
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338 | (2) |
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338 | (1) |
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338 | (1) |
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339 | (1) |
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339 | (1) |
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339 | (1) |
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340 | (13) |
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Test your understanding Questions |
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343 | (6) |
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Test your understanding Answers |
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349 | (4) |
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353 | (32) |
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Chapter Learning Objectives |
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353 | (1) |
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354 | (5) |
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Regulations, legislations, guidelines, codes and other standards: what do they all mean? |
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359 | (4) |
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Isn't ethics simply a question of knowing the rules and sticking to them? |
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363 | (5) |
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The CIMA and IFAC `Codes of Ethics for Professional Accountants' |
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368 | (1) |
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Personal development and life-long learning |
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369 | (3) |
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370 | (2) |
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372 | (4) |
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372 | (1) |
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373 | (1) |
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Professional competence and due care |
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374 | (1) |
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374 | (2) |
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376 | (1) |
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Concepts of independence, accountability and responsibility |
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376 | (9) |
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377 | (1) |
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377 | (1) |
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378 | (1) |
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Test your understanding Questions |
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379 | (4) |
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Test your understanding Answers |
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383 | (2) |
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385 | (20) |
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Chapter Learning Objectives |
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385 | (1) |
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The relationship between ethics, governance, the law and social responsibility |
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386 | (5) |
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Ethical Codes vs Legislation |
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386 | (1) |
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Ethical Codes vs Contracts |
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386 | (2) |
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Corporate governance and responsibility |
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388 | (3) |
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391 | (1) |
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Ethical dilemmas and conflicts of interest |
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392 | (13) |
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392 | (1) |
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Identifying ethical dilemmas |
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393 | (2) |
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395 | (1) |
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Resolving ethical dilemmas |
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396 | (5) |
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Test your understanding Questions |
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401 | (2) |
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Test your understanding Answers |
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403 | (2) |
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405 | (24) |
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Chapter Learning Objectives |
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405 | (1) |
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406 | (1) |
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What is corporate governance? |
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406 | (1) |
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Governance, ethics and company law |
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407 | (3) |
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The history of corporate governance internationally |
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410 | (6) |
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The effect of corporate governance on directors' behaviour and their duties of care and skill |
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416 | (2) |
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418 | (3) |
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Best Practice---policies and procedure |
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421 | (2) |
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The Regulatory Governance Framework for UK companies |
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423 | (6) |
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Test your understanding Questions |
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425 | (2) |
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Test your understanding Answers |
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427 | (2) |
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Appendix 1 CIMA Code of Ethics for Professional Accountants |
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429 | (152) |
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527 | (4) |
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528 | (1) |
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528 | (1) |
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528 | (1) |
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Tips for the final revision phase |
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529 | (1) |
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529 | (1) |
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529 | (1) |
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530 | (1) |
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530 | (1) |
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531 | (32) |
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Solutions to Revision Questions |
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563 | (18) |
| Mock Assessment 1 |
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581 | (26) |
| Mock Assessment 2 |
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607 | (26) |
| Case Index |
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633 | (4) |
| Subject Index |
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637 | |
