What must generally be included in the constitution of a company?

The constitution of a company, often referred to as the articles of association or bylaws, serves as the foundational document that outlines the rules and regulations governing the company’s internal management. This includes the procedures for appointing directors, conducting meetings, shareholder rights, and how shares can be issued or transferred. Essentially, it provides a framework that dictates how the company will operate internally and guides the relationships among stakeholders.

Including the internal management rules within a company's constitution is crucial because it ensures clarity and consistency in how the company is run. This legal document not only protects the interests of shareholders but also heads off potential disputes by laying out clear guidelines. In contrast, details relating to shareholders' personal assets, contracts with suppliers, or tax returns do not belong in the constitutional documents, as they pertain to external relationships and financial matters rather than internal governance.