Articles of association

Articles of association: a fundamental constitutional document that every company incorporated in England and Wales must adopt in accordance with section 18 of the Companies Act (2006). The articles establish the core corporate governance rules which regulate the company’s internal affairs, including the appointment and removal of directors, issue and transfer of shares, dividend policy, and the rules governing the decision-making process by directors and shareholders. Upon incorporation, the company’s articles of association will be publicly available on Companies House. Companies limited by shares established on or after 1 October 2009 have the option of adopting the Model Articles or prepare a bespoke set of the articles of association that which must comply with the Companies Act of 2006.