Q1 Clearly describe the meaning of the word incorporation, and critically discuss some of the salient advantages and disadvantages of using a company as a mode of conducting business activities.

Q2 Making reference to any legislation or decided case(s) in Zambia and/or the United Kingdom (UK), define the phrase corporate governance, clearly stating the nature of the relationship between directors and shareholders under Zambian law, and how the same differs, if at all, with English law.

Q3 Citing relevant examples and provisions of the Companies Act No. 10 of 2017, carefully describe the step-by-step process of incorporating a company in Zambia