Law for Business Managers

LAW FOR BUSINESS
MANAGERS

Table of Contents
INTRODUCTION ..........................................................................................................................3
PART 1............................................................................................................................................3
Role of sole director...............................................................................................................3
PART 2............................................................................................................................................5
Process of dismissal................................................................................................................5
PART 3............................................................................................................................................8
Alternate dispute resolution....................................................................................................8
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Business is the most important method through which companies and the countries earn
the maximum revenue. It provides all the rules that are being governed to carry a successful
business. As to carry a successful business their implies all the strategies, laws and norms which
are needed to be fulfilled. The most important laws that are used for the business is Partnership
act, Contract law, Employment law and Company Act. Employment is one of the important law
which provides all the rights that are carried in very business. It has all the legal obligations and
rights between the employee and the manager (Yasan, 2018). The companies while indulging in
any business makes a legislation, with the partnership and also with all the dealings being bled in
the companies. In this report, there are three case scenarios which deal with director's role,
process of dismissal and alternate dispute resolution.
PART 1
Role of sole director.
Case Scenario
Gemme started a new company which she named as Clean Machine Limited, and she is
the sole director of that company. She deals with providing protective equipments in all over
small town of Bedfordshire. As this is completely a new business for her and she is the sole
director of that company, she is unaware about the legal duties and the responsibilities of the sole
director in context of company law.
Legislative Provisions
Company is a separate legal entity which holds all the power by itself. It is basically a
sole body and has all the perpetual succession that the person dealing with it can change the
making. The main element is that as the person being working in a company or holding a
company can change and go but the company will remain their forever (Cauffman, 2019). All the
legislation being made in the company law will have to be followed by the company.
Companies mainly pertains two types that implies public company and private company,
Public company has all the open market shares that means it is open for the individual to invest
in that company for certain shares in the market. On the other hand private company implies that
their will be a varies rights of the people and it provides that they do not need any investor to
work under. Companies also has two types of liabilities, which are Limited liability in which the

directors can pertains their rights to a limited area and extent. Unlimited liability implies all the
rights which has no obligations and the director can make it share with the basic record and area.
Company Law 2006, deals with the culture and the rules that led to be followed like
corporate finance that applies all the areas where a company can share its funds in debts, equity
etc. from the shareholder. Corporate governance means all the rules embodied for the employers
and the directors that are led to be followed.
In an area where a company is being running by a sole director it covers all the areas and
responsibilities to that same person, As the sole director will have to take all the decisions by
their own and has to run the business in a proper way with the increasing changed with the new
dimensions. But with that all the debts and the liabilities will arise with the sole director for
working in all means (Hayes, 2018). Thus this company law 2006 provides all the duties and
rights which are owned by a sole director which will help Gemme to understand that better they
are as follows:
 Sole directors have to maintain all the records and make a proper book about all the
companies work and employees detail.
 The sole director should have all the knowledge of their work and they should work in a
proper manner with all efficient information about the company.
 It is the duty of sole director that they should create friendly environment in the company
and also make their employee comfortable in the area as that helps them to increase the
confidence with the employees.
 The directors should avoid all the matters which can raise conflicts between the parties
that means if their arises any dispute in the organisation it is the duty of the sole director
that they have to take all measures to solve it.
 The sole director has in a right in case if there is a confusion in their mind about the
upcoming strategies and techniques then they can hire an advisory committee for the
company which will help them in knowing what is good for the company. But the most
important elements is that the director will have to make the final decision.
 The director has to be transparent with their employees that means that the person acting
as a sole director will have to tell about their strategies and targets with the company. It
implies that the sole director cannot ,make any profit region for their company or for
personal benefit.