Page 21 - BUSINESS STUDIES FORM 5
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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.
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