... government legislation through the companies act and the Industrial & Provident Societies Act was brought into protect the interests of shareholders as to how organisations conduct their businesses. Notably in larger organisations, and in particular public limited companies, the division between ownership and control means that controllers have the responsibility of representing the interests of the organisation's shareholders and creditors, however the priorities and goals will not always correspond. Arguable the sole duty of any organisation is to its shareholders, therefore the Companies Act and the Industrial & Provident Societies Act aim to regulate organisations dealing with shareholders. By definition a public limited company, is a company registered under the Companies Act as a public company. Its name must end with the initials 'plc'. It must have an authorised share capital of at least £50,000, of which at least £12,500 must be paid up. For the purposes of this report, Manchester United ...

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