Question 4a
Marking Guide
up to 1 mark per valid point | |
| system by which companies are directed and controlled | |
| considers directors’ responsibilities, board structure, importance of good internal controls and relationship with external auditors | |
| management run the business but shareholders own the company | |
| shareholders only have annual general meeting to raise concerns | |
| shareholders need process in place to ensure their needs met and kept informed | |
| max marks | 3 |