Governance - Army & Navy Stores Ltd

Dates: 1871-1981
Description: Governance is the function of self-regulation and setting of the boundaries in which the company operates. It includes developing the company’s legal framework and ensuring compliance with all relevant legislation, developing the corporate governance structure and rules, and conducting the business of the corporate body and the executive committees in accordance with those rules.

Biographical history
Army & Navy Stores Ltd was governed by a board of directors, with ratification by the shareholders. In 1973, it was acquired by House of Fraser Ltd. It continued to exist and function independently as a subsidiary company and to be governed by its own shareholders and board of directors until 1981 when it was transferred to House of Fraser (Stores) Ltd and shortly afterwards liquidated.

Joint Stock Companies Act 1856; Joint Stock Companies (Consolidation) Act 1862; Companies Act 1867; Limited Partnership Act 1869; Companies (Winding Up) Act 1890; Partnership Act 1890; Companies Amendment Act 1900; Companies Act 1907; Limited Partnership Act 1907; Companies (Consolidation) Act 1908; Companies (Particulars as to Directors) Act 1917; Companies Act 1928; 1929 Act to Consolidate the Companies Acts 1908 to 1928; Companies Act 1947; Companies Act 1948; Companies Act 1967; Companies Act 1976; Companies Act 1980; Companies Act 1981.