QUESTION

The concepts of the appointment,duties of directors as well as to whom these duties are owed together with the effects and procedure for mergers and acquisition as well as the raising of capitaland winding upby companies have been subject to a long-standing debate in the country and beyond. Whereassome believe that a reformation in the Law is the only way out, others are of the opinion that these are issues that would dieoutwith the passage of time and should therefore be left as it is.

As a member of the society for black business administration students, you have been invited to attend the 35thinternational conference on law reform with a slot to present aposition paper on the subject. Seize the opportunity to clarify the position of the law in respect of the above-using statutes law in Ghana and case law as your main point of reference(60 Marks).