Which document outlines the internal running and governance of a limited company?

Study for the Edexcel A-Level Business Test. Dive into flashcards and multiple-choice questions, each with helpful explanations. Elevate your exam readiness today!

Multiple Choice

Which document outlines the internal running and governance of a limited company?

The internal running and governance of a limited company are set out in its Articles of Association. This document acts as the company’s internal constitution, detailing how the business is to be run: the powers and duties of directors, how meetings are held, voting rights, procedures for appointing or removing directors, and how decisions are made.

The other documents serve different purposes: the Certificate of Incorporation confirms the company’s legal existence and basic details like its name and registration number; the Memorandum of Association historically stated the company’s aims and scope (now largely limited in effect); and the Deed of Partnership applies to partnerships, not limited companies.

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