Advising Directors

The company, limited by shares, is the most common corporate entity worldwide. A company generally has two decision making groups: the company in general meeting (i.e. the shareholders) and the board.

Typically, the board will retain day to day control of the management of the Company but the shareholders, through the power to appoint and remove directors, can exercise control over the board.

When a company requires advice, it is usually sought by management, acting under the board's authority. Advising a company however, requires not just an understanding of the options available to the company, but the options properly open to the board and the litigation risk associated with board action.