Management, Administration and Regulation of Companies
Directors, secretaries, auditors, meetings, resolutions, records, minority protection and corporate governance.
How to study ACCA Applied Skills
Build on Applied Knowledge, use the correct UK law and tax versions, practise workplace-style digital responses and keep each independent 50% pass decision visible.
Core concepts
Concept 1
Directors manage the company subject to statutory duties, constitutional limits and member-reserved decisions.
Exam cue: Allocate the decision to directors or members before testing procedure.
Concept 2
Valid company decisions depend on the correct body, authority, notice, quorum, voting threshold and record.
Exam cue: Identify the director duty and the company interest it protects.
Concept 3
Members, auditors and regulators use information, approval and remedy rights to hold management accountable.
Exam cue: Match the governance failure to the available member, company or regulatory remedy.
Risk pitfalls and guardrails
Assuming directors owe duties directly to individual shareholders.
Guardrail: Do not reuse a legal rule, tax amount, reporting format, audit phrase or finance formula without checking scope, date, units and evidence.
Using an ordinary resolution where legislation requires a special resolution.
Guardrail: Do not reuse a legal rule, tax amount, reporting format, audit phrase or finance formula without checking scope, date, units and evidence.
Treating de facto control as exemption from formal duties.
Guardrail: Do not reuse a legal rule, tax amount, reporting format, audit phrase or finance formula without checking scope, date, units and evidence.
Memory anchors
Director Duty
Directors owe statutory and fiduciary duties principally to the company.
Ordinary Resolution
An ordinary resolution generally requires a simple majority of votes cast.
Special Resolution
A special resolution generally requires at least 75% of votes cast.
Quorum
A quorum is the minimum participation required for a meeting to transact valid business.
Unfair Prejudice
A member may seek relief where company affairs unfairly prejudice member interests.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
To whom do directors generally owe their statutory duties?
A director diverts a company opportunity to a personal business. Which duty is most directly engaged?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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