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Footnotes. [ 1][ 2] Companies House is the executive agency of the British Government that maintains the register of companies, employs the company registrars and is responsible for incorporating all forms of companies in the United Kingdom. [ 3][ 4] Prior to 1844, no central company register existed and companies could only be incorporated ...
Company law, or corporate law, can be broken down into two main fields, corporate governance and corporate finance. Corporate governance in the UK mediates the rights and duties among shareholders, employees, creditors and directors. Since the board of directors habitually possesses the power to manage the business under a company constitution ...
The United Kingdom Standard Industrial Classification of Economic Activities ( UKSIC) is a Standard Industrial Classification that is intended to help classify businesses according to the type of their economic activity. One or more SIC codes can be attributed to a business. SIC codes identify what a business does.
A company limited by guarantee may be with or without having share capital. A company limited by shares is the most common form of the company used for business ventures. Specifically, a limited company is a "company in which the liability of each shareholder is limited to the amount individually invested" with corporations being "the most ...
The UK is a constitutional monarchy and a parliamentary democracy operating under the Westminster system, otherwise known as a "democratic parliamentary monarchy". [ 178] It is a centralised, unitary state [ 179][ 180] wherein the Parliament of the United Kingdom is sovereign. [ 181]
There are many ways in which a business may be owned under the legal system of England and Wales . Different types of ownership are suitable for organisations depending on the degree of control the owners wish to have over the business. The choice of ownership method also relates to the organisations ability to raise funds for the business ...
Electronic data interchange ( EDI) is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders, advance ship notices, and invoices. Technical standards for EDI exist to facilitate parties transacting such instruments without having to make special arrangements.
The UK Academy for Information Systems ( UKAIS) is an active combination of a traditional learned society, communications channel and pressure group. It is a conduit for communication between industry and academia to ensure that relevant courses can be designed and research initiatives established throughout the UK.