Page 21 - BUSINESS STUDIES FORM 5
P. 21

Student's Book  Form Five



           3.  The contribution of companies in any country’s economy are
               explained in the student’s textbook.

           4.  Legal and regulatory requirements for the formation of a
         FOR ONLINE READING ONLY
               company are explained in the student’s textbook.
           5.  The required  documents for the company  registration
               are  directors’  and  shareholders’  details,  certified  copies
               memorandum of association, the article of association, Taxpayer
               Identification  Number  (TIN)  certificate.  Advise  the  students
               to  read  a  student’s textbook  for  more  explanation  about  the
               required documents for the company registration.

           6.  As  a shareholder the following initiatives  are proposed to
               empower workers within the company and enhance  their
               engagement, productivity and satisfaction:
               (a)  Creating equitable workplace environment;
               (b)  Recognising and appreciating their work;
               (c)  Job training and career development; and
               (d)  Fair salaries or wages and other benefits.
           7.   A director of a certain company  prioritizes  the agenda  for
               board  meetings  to  ensure  they  serve  as  effective  platform
               for strategic  discussion, decision making, and oversight in
               company  management  by basing on the important  issues or
               topics that enable the company to move forward for the success
               of the company. This involves identification of opportunities,
               financial management, risk management, create more access to
               market or any other important issue concerning the company.
               By so doing board meetings serves as an effective platform for
               strategic planning and decision making.

           8.   Co-operatives foster  local  economic  development  by
               empowering communities, facilitating market access, promoting
               entrepreneurship, and providing employment opportunities.





                                         15       Business Studies for Advanced Secondary Schools



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