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(PDF) The Role of Business in Society

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Added on  2021-01-03

(PDF) The Role of Business in Society

   Added on 2021-01-03

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The Role of Business inSocietyTable of Contents
(PDF) The Role of Business in Society_1
INTRODUCTION ..........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
(PDF) The Role of Business in Society_2
INTRODUCTION In current world, business play an important role in society which develop resources thatlead towards social development and welfare. This will show the contribution of companies,through commercial operation, actively contribute for the society progression. Corporate lawdefines the law of body, rules, regulations, norms and practices which regulate the procedure andformation of organization. It is the corporate body which operate the legal entity which presentfor conducting business in the market place (Lawrence and Weber, 2014). This assignment isfocus on role of UK's corporate legislation and its functions for developing rules and regulations.The main purpose of this report is to analyze the role of corporate law and understand economicfoundation and incentives of various player which involved government, investors, TASKThe United Kingdom corporate law operate various organisation which formed under thecompanies Act, 2006 and it is also regulated by the Insolvency Act 1986, European UnionDirectives, UK corporate Governance Code and court cases. The UK is the first nation whichframed the modern corporation statutes in which simple registration process of investors can beorganized. The role of corporate law is mainly to ensure that corporate serve the appropriateinterest rate to their shareholders and this will also support in enhancing the financial returns tothe shareholders. The company can increasing their shareholder wealth if they try to raise itsstock price in the market. Corporate law is the body of rules, regulations, norms and practiceswhich operate the formation and operation of association. This is the body of regulation whichregulate the legal ventures that exist for conducting business. The law which touch the duties andrights of all people which involve owning, forming and managing a corporation. A corporate lawis the legal entity which establish under the state law and main purpose of this law is to conductbusiness in better manner. Such legislation treats a business as an individual who can be sued.The corporation is different from their single owners, shareholders who have personal stock inthe firm. This law encompasses with all legal issues or problems which face by an association.The business or corporate are subject to number of rules or regulations which must be follow toutilize the tax and getting profit by business firm (Scherer, Palazzo and Matten, 2014). There arelarge number of states which required corporation for conducting annual meetings along withshareholders, business officers and board of directors. 1
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