Order Description
1. Demonstrate an advanced and detailed knowledge and understanding of the fundamental legal concepts that characterise corporate identity and activity in a global context
2. Demonstrate an advanced and analytical knowledge and understanding of the theoretical framework underpinning corporate governance theories, strategies and regulation

“Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.”
Paragraph 2.5, Report of the Committee on the Financial Aspects of Corporate Governance (The Cadbury Committee), December 1992
Critically analyse this statement with reference to UK and International company laws and corporate governance codes.