Presentation is loading. Please wait.

Presentation is loading. Please wait.

Main Roles and responsibilities of those involved in LTD’s WILF: The meaning and responsibilities of: 1. CEO 2. Board of directors 3. Chief executive chair.

Published byAdrian Anthony Hines Modified over 9 years ago

Similar presentations

Presentation on theme: "Main Roles and responsibilities of those involved in LTD’s WILF: The meaning and responsibilities of: 1. CEO 2. Board of directors 3. Chief executive chair."— Presentation transcript:

1 Main Roles and responsibilities of those involved in LTD’s WILF: The meaning and responsibilities of: 1. CEO 2. Board of directors 3. Chief executive chair

2 Pair activity: Use the case study to answer the following questions: 1. Who are the owners of WDP? 2. Who are the directors of WDP? 3. Who the non-executive chief of WDP is? 4. Who the board of directors of WDP might be?

3 Who are the owners of WDP? WDP is owned by its shareholders which are currently Tom, Dee and members of their families (including Ali’s as they all invested capital into the business).

4 Who are the directors of WDP? The chief executive officers (CEO) of WDP are Tom and Dee. Roles and responsibilities of Tom and Dee: 1. Act on behalf of the shareholders 2. Run the day to day affairs of WDP 3. Provide reports to shareholders about WDP performance, future plans and strategies. 4. Prepare the articles and memorandum of association. The objectives of the company are defined in the Memorandum of Association and regulations are laid out in the Articles of Association. 5. Hold yearly board meetings

5 What is John’s position with WDP? Johns position within WDP is that of non- executive chair. His main roles and responsibilities are to: 1. Work with Tom and Dee to develop an appropriate schedule and agendas for board meetings. 2. Chairing all meetings of the Board 3. Address all issues relating to the performance of individual directors Tom and Dee.

6 Who are the board of directors? The board of directors of WDP will be made up of Tom, Dee, John and shareholders. The members of the board (other than Tom, Dee and John) will be decided by the shareholders voting. The main roles and responsibilities of the board of directors: 1. To work with the CEO’s (Tom and Dee) to achieve the same things.

7 Communication between the board of directors and shareholders 1. Communication between the board and shareholders happens mainly through yearly meeting called annual general meetings. 2. The board meet monthly to discuss WDP performance.

8 Exam question 1. Explain how limited liability protects the shareholders of WebDesPix Ltd. (4marks) 2. Why is this protection of shareholders important for WebDesPix Ltd? Homework: Explain the main responsibilities of Tom and Dee within WDP (4 marks)

Download ppt "Main Roles and responsibilities of those involved in LTD’s WILF: The meaning and responsibilities of: 1. CEO 2. Board of directors 3. Chief executive chair."

Similar presentations

The Role of Governors in NHS Foundation Trusts Neil Ashford, Karen OSullivan, Gillian Oaker and Duncan Double; Staff Governors, Norfolk & Waveney Mental.

The Role of Governors in NHS Foundation Trusts Neil Ashford, Karen OSullivan, Gillian Oaker and Duncan Double; Staff Governors, Norfolk & Waveney Mental.
Facilitated by: Pobal Training Initiative.  Using the “Managing Better” Toolkit  Principles of Good Governance  Key Responsibilities of the Company.

Facilitated by: Pobal Training Initiative.  Using the “Managing Better” Toolkit  Principles of Good Governance  Key Responsibilities of the Company.
W. Richard Frederick Governance Consultant. 1. Is the board effective, passive, or dysfunctional? 2. Is the board composition good?  Skills, experience,

W. Richard Frederick Governance Consultant. 1. Is the board effective, passive, or dysfunctional? 2. Is the board composition good?  Skills, experience,
Private Limited Company

Private Limited Company
Public and Private Limited Companies PLC’s and Ltd’s.

Public and Private Limited Companies PLC’s and Ltd’s.
The Right Issues Exceeds Expectations Meets Expectations Needs Improvement N/A 1. The Board focuses on activities that will help the Company maximize shareholder.

The Right Issues Exceeds Expectations Meets Expectations Needs Improvement N/A 1. The Board focuses on activities that will help the Company maximize shareholder.
Company Accounts Companies can be divided into 2 types: A Public Limited Company which is shown as Plc A Private Limited Company which is shown as Ltd.

Company Accounts Companies can be divided into 2 types: A Public Limited Company which is shown as Plc A Private Limited Company which is shown as Ltd.
BUSINESS ENTERPRISES.

BUSINESS ENTERPRISES.
Financial Accounting 1 Lecture – 36 Maximum Number of Partners in a Partnership There can be a maximum of Twenty partners in a partnership firm. Exceptions.

Financial Accounting 1 Lecture – 36 Maximum Number of Partners in a Partnership There can be a maximum of Twenty partners in a partnership firm. Exceptions.
Companies sell shares to raise capital. The owners of a company are known as Shareholders. Companies are run by a Board of Directors on behalf of shareholders.

Companies sell shares to raise capital. The owners of a company are known as Shareholders. Companies are run by a Board of Directors on behalf of shareholders.
Corporations Most complicated form of business structure It is a legal entity (an individual) Owned by individual stockholders They have limited liability.

Corporations Most complicated form of business structure It is a legal entity (an individual) Owned by individual stockholders They have limited liability.
Elements of Code of Corporate Governance: East Asia Perspective Prof. Stephen Y.L. Cheung Department of Economics & Finance City University of Hong Kong.

Elements of Code of Corporate Governance: East Asia Perspective Prof. Stephen Y.L. Cheung Department of Economics & Finance City University of Hong Kong.
A case on Chinese Company Law: Faye. Board of directors & Supervisory board.

A case on Chinese Company Law: Faye. Board of directors & Supervisory board.
Forms of Business 18. Forms of Business The four main forms of business organisation are:  Sole Trader  Private Limited Company  Co-operative  Semi-State.

Forms of Business 18. Forms of Business The four main forms of business organisation are:  Sole Trader  Private Limited Company  Co-operative  Semi-State.
An introduction to the financial statements of limited liability companies Chapter 45.

An introduction to the financial statements of limited liability companies Chapter 45.
IGCSE Business Studies 2.1.2 Types of Business Organisation.

IGCSE Business Studies Types of Business Organisation.
Private Limited Companies We will look at: Revision of Private Limited Companies Documents required to set up a Private Limited Company AGM’s.

Private Limited Companies We will look at: Revision of Private Limited Companies Documents required to set up a Private Limited Company AGM’s.
Copyright © Glencoe/McGraw-Hill Slide 1 of 16 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 13.2 Creating an Organizational.

Copyright © Glencoe/McGraw-Hill Slide 1 of 16 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 13.2 Creating an Organizational.
1 What makes an effective Board by Isabelle Bearn-Fournier, 15/03/2011 07719348140 –  Management & Recruitment.

1 What makes an effective Board by Isabelle Bearn-Fournier, 15/03/ –  Management & Recruitment.
The Role of a Governor Mrs Anne Smith, Public Governor - Fylde Constituency (Lead Governor) Mr Mark Chapman, Public Governor - Blackpool Constituency Mrs.

The Role of a Governor Mrs Anne Smith, Public Governor - Fylde Constituency (Lead Governor) Mr Mark Chapman, Public Governor - Blackpool Constituency Mrs.

Similar presentations

Ads by Google