WebTo help private companies apply and report against a suitable corporate governance framework, new voluntary Principles have been developed. The new rules are part of a wider package of Government corporate governance reforms. The reporting obligations began to apply from the beginning of 2024. WebPrivate Limited Companies have a constitution (Articles of Association) to guide the shareholders and directors and regulate their relationship with the company and each other. Private Limited Companies have an indefinite lifespan; their existence does not cease with the death of a director or shareholder.
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