THIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS UNIVERSITY OF LONDON 266 0021 ZB LLB EXAMINATION for External Students PARTS I AND II EXAMINATIONS (Scheme A) THIRD AND FOURTH YEAR EXAMINATIONS (Scheme B) GRADUATE ENTRY LEVEL II (Route A) GRADUATE ENTRY THIRD YEAR (Route B) DIPLOMA IN THE COMMON LAW for External Students BSc DEGREES for External Students MANAGEMENT WITH LAW, LAW WITH MANAGEMENT, ACCOUNTING WITH LAW AND LAW WITH ACCOUNTING FOR STUDENTS IN THE, EXTERNAL PROGRAMME Company Law Friday 21 May 2010: 2.30 - 5.45 pm Candidates will have fifteen minutes during which they may read the paper and make rough notes ONLY in their answer books. They then have the remaining THREE HOURS in which to answer the questions. Candidates should answer FOUR of the following EIGHT questions, including at least ONE from Part A and at least TWO from Part B. Candidates should answer all parts of a question unless otherwise stated. © University of London 2010 UL10/688ZB Page | of 4PART A 1. ‘Directors are sufficiently well protected by company law to enable them to take risky decisions.” Discuss 2. Has the combined code on corporate governance been a success? 3. “Social responsibility” by companies is the current popular ideology by which companies claim to be good for society and the environment. However, it ignores the fact that companies are legally responsible only to their shareholders’ interests and are not allowed to consider other interests.” Discuss. 4. ‘The Companies Act 2006 contains no substantial reform of company law and as such has been an enormous waste of time and money.” Discuss. UL10/688ZB Page 2 of 4