Each limited company is governed by two documents, the
1) Memorandum of Association - which contains the conditions
governing the company's relationship with the outside world, for
example its aims and intentions, its name and the address of its
registered office
and
2) Articles of Association - which govern the relationship
between the shareholders and the company and between individual
shareholders. It also contains clauses concerning the duties and
powers of directors and may give information about wages or salary,
particularly if a director has a specific job, such as marketing
director.
