First Principles of Business Law
Business organisations in Australia

8. Public companies

Question 3. In what specific ways are public companies regulated differently from proprietary companies?

 

 

 

Read the statements below and select the best one.

(a) Public companies are more closely regulated than proprietary companies. In particular, they must have at least five directors, a secretary, and an auditor, and they must hold monthly general meetings of members.

(b) Public companies are more closely regulated than proprietary companies. In particular, they must have at least three directors, a secretary, and an auditor, and they must hold an annual general meeting of members.

 

 

 

 

 

 

 

 

 

  
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