Consulting Australian company system

1, Australian corporate management philosophy

Corporate governance refers to corporate power, corporate responsibility, the basis of corporate management and the standards of corporate managers.

The basic idea of Australian company management is: company managers have great power to dispose of other people's money-investment funds provided by company shareholders, company creditors and company stock holders; This power is accompanied by opportunities for fraud and mismanagement. According to the attractive position of directors and the vulnerability of shareholders, Australian law stipulates strict fiduciary and statutory obligations of directors. One of the core considerations of the company management concept is: on the one hand, let the company's directors manage the company's business, on the other hand, let the company's shareholders maintain appropriate control over the company as property owners, so that these two aspects can be properly balanced.

2. Australian company management practice

The standard of Australian company management is the company's internal management rules. Management rules can be alternative rules stipulated in the company law or the articles of association (namely, the articles of association, the same below), or a combination of alternative rules and the articles of association.

The board of directors of Australian companies represents the company's thinking and will. The board of directors of the company can independently exercise all the management rights of the company, except for matters that must be approved by the company's shareholders' meeting as specified in the Company Law or the Articles of Association. The management power of the board of directors comes from the authorization of the shareholders' meeting.

The board of directors can also exercise its supervisory function. But sometimes the director is the manager (executive director), in this case, the supervisory function of the board of directors is greatly reduced; Therefore, Australian companies have introduced external directors or non-executive directors and independent auditors. In addition, Australia has regarded its stock exchange market as an important punishment place for company management. The Australian Investment and Financial Services Association has issued a guidance report, suggesting that listed companies follow this practice.

PTY LTD is a private limited company, and the companies of non-listed companies basically end up like this in Australia.

This company has no requirement for registered capital. Unlike what you think, the registered capital is more or less.

This information comes from the Pacific Police Immigration Network.