Question 4: (A) If you have been hired as company law expert to make immediate changes in the company law. Point out and describe any three (3) major changes, which you will suggest bringing change in law to promote business activities.

(B) Mismanagement is a severe issue in almost all types of companies. Discuss any three major situations when its existence is formally recognized under company law. Examine a real time example of any company which termed as mismanagement and curbed by law.

Question 5: Board of Directors is presumed as the most powerful chamber in any company. Support this assertion in descriptive manner by discussing various powers of directors in the policy making initiatives in any company.