The University of Southampton
Courses

MANG2017 Company Law

Module Overview

The overall aim of this module is to enable you to understand the implications of the legal environment, with particular reference to business organizations, in which accountants and managers work. The module therefore examines the legal forms available for commercial entities, both corporate and non-corporate. The module aims to equip you with both knowledge and understanding of aspects of law relating to business organizations and the ability to apply that knowledge and understanding to factual situations, in particular those problems likely to be encountered at work in an accounting or managerial environment.

Aims and Objectives

Module Aims

This module builds on the framework of legal knowledge laid down in Commercial Law. The overall aim of this module is to enable you to understand the implications of the legal environment that is Company Law, within which accountants and directors work. The module therefore examines the legal form and effect of the company, with a brief comparison to non-corporate arrangements. The module aims to equip you with both knowledge and understanding of aspects of Company Law and the ability to apply that knowledge and understanding to factual situations, in particular those problems likely to be encountered at within the company framework.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • Assess and evaluate the concept of limited liability and its repercussions on the modern economy.
  • identify and evaluate the advantages and disadvantages of different forms of business organization, in particular partnerships and companies
  • explain the rights and duties of shareholders, in particular the rights of minority shareholders
  • describe the appointment and removal of directors and explain directors powers, duties and liabilities
  • distinguish between shares and debentures and explain the nature and functions of fixed and floating charges
  • describe the role of auditors in the legal setting and explain the nature of the auditors duties and liabilities.
  • explain the nature and functions of receivership, administration and winding-up, and the rights of creditors and employees in a liquidation.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • written presentation, analysis, problem solving, identification and application of legal concepts in varying situations,
  • be able to locate and make use of legal information from a variety of sources.
Subject Specific Practical Skills

Having successfully completed this module you will be able to:

  • Apply all of the skills outlined above in your work environment
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Locate sources of legal information relevant to working in the commercial world
  • Demonstrate skills of legal research and analysis
  • Identify relevant legal issues from the surrounding contextual facts
  • Consider how policies and values of commerce and finance interact with the discipline of law

Syllabus

• Limited liability, Nature and function of companies • Shares • Shareholders • Directors • Charges and debentures • Insolvency

Learning and Teaching

Teaching and learning methods

You will gain an overview of the material covered by the module through weekly lectures. Your learning will be assisted through fortnightly seminars. You will need to devote your independent study time to effective reading and work on seminar assignments in order to achieve a satisfactory level of knowledge and ability to apply that knowledge in practical case scenarios. Learning activities include - Advanced reading of course materials in preparation for both lectures and seminars. Lectures - PowerPoint Slides – paper copies handed out to be annotated in lectures. Seminars - Preparation is requires in advance of each seminar: - Locating primary resources as requested in the Tutorial Hand-Out (which will be provided at the beginning of course). - Reading the chapters assigned in a relevant Company Law text book (details provided and books discussed at the beginning of course) - Prepare answers for the: - Assignment questions - Group exercises - Research exercises all outlined in the Tutorial Hand-out Revision - Module Outline available on Blackboard throughout the course - PPT/Handout available on Blackboard after each lecture - On-line resources available with course text books

TypeHours
Revision16
Seminar10
Lecture24
Preparation for scheduled sessions100
Total study time150

Resources & Reading list

Soton Law Resources (2).

Soton Law Resources (1).

John Lowry, Arad Reisberg. Pettet's Company Law: Company Law and Corporate Finance. 

Soton Law Resources (3).

Alan Dignam and John Lowry. Company Law. 

Charles Wild and Stuart Weinstein. Smith and Keenan's Company Law. 

Janet Dine, Marios Koutsias. Company Law. 

Assessment

Formative

In-class Test

Summative

MethodPercentage contribution
Coursework  ( words) 30%
Examination  (2 hours) 70%

Repeat

MethodPercentage contribution
Coursework  ( words) 30%
Examination  (2 hours) 70%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Linked modules

Pre-requisites

To study this module, you will need to have studied the following module(s):

CodeModule
MANG1014Commercial Law
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