Professional Documents
Culture Documents
The Structure of Organizations
The Structure of Organizations
The Structure of Organizations
Introduction
Companies
Types of Organizations
Management of an organization
Page 1
Organization
Page 2
Legal Form of An organization
Law recognises individuals
Enter into contracts
Sued
Incorporation
Making into a body (Corpus)
Incorporated
Page 4
Types of Commercial Organizations
1. Sole Trader
2. Partnership
3. Limited Company
Private or Public
Page 5
Sole Trader
Individual
Page 6
Partnership
Two or More People
Normally professionals
Doctors
Lawyers
Accountants
Page 8
Companies (Contd)
Independent Existence
Divided
Shareholders
Page 9
Company Constitution
1. Share Capital
2. Company Constitution
3. Directors responsibilities
Page 10
1. Share Capital
At start of Company
Page 11
2. Company Constitution
a. Memorandum of Association
b. Articles of Association
c. Shareholders Agreement
Page 12
a. Memorandum of Association
Company Name
Restrictions
Country of Registration
England & Wales, Wales, Scotland
Objects of Company
Companies Act 1989 allow general commercial
company
A Liability Clause
Liability of members is limited
Transfer of Shares
Meetings of Members
Power of Directors
Page 14
c. Shareholders Agreements
Protect interests of minor shareholders
Article of Association
Page 15
3. Directors Responsibilities
Directors Elected by Shareholders
Honest
Declare Interests
Company Secretary
Could be Director
Page 16
Functional Units of An Organization
Five groups of functions exist in almost any organization:
Geographical organization:
Page 18
Centralization v. decentralization
Page 19
Management
Mangers of organization can project manager,
production manager, general manager & Corporate
manager.
Corporate Manager:
Page 22