CGOV.3:5.2 - A real constitutional example

The United Kingdom’s model articles for private companies limited by shares distinguish directors’ management powers, a shareholder reserve power, delegation and appointment in articles 3–5 and 17. They illustrate why appointment, a shareholder direction and a delegated executive act require different questions. A company can use amended articles, and other law can affect their operation. The example therefore begins by establishing which provisions actually govern the company; it does not install those model articles as a universal governance arrangement.