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Government stands firm on calls for takeover regulation reform

30 July 2010 | Emma Cameron

It appears that repercussions from the recent takeover of Cadbury PLC by Kraft Foods are still being felt following the publication of a government command paper setting out its position with regards to...

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Shareholder remedies – case update

27 July 2010 | Emma Cameron

Background The statutory remedy for a company member who considers that the company's affairs are being conducted in an unfairly prejudicial manner is contained in section 994 of the Companies Act 2006....

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“Cold shoulder” by Takeover Panel

19 July 2010 | Emma Cameron

The Takeover Panel has issued a formal statement to the effect that Brian Myerson and two others are persons who, in the opinion of the Hearings Committee of the Takeover Panel, are not likely to comply...

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UK Corporate Governance Code – directors’ remuneration and re-election

14 July 2010 | Emma Cameron

Background After an extensive consultation process, the Financial Reporting Council (FRC) has published the new UK Corporate Governance Code (Code).  The Code applies to all companies with a premium...

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First UK Stewardship Code for institutional shareholders has been published

8 July 2010 | Richard Phillips

On 2 July 2010, following a consultation earlier this year, the Financial Reporting Council (FRC) published the first UK Stewardship Code (‘The Code’), which sets out good practice for institutional...

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Shareholder derivative actions – update

7 July 2010 | Emma Cameron

Background A derivative action is an action brought by a shareholder on behalf of the company. Owing to the complexity of the previous law, very few derivative actions succeeded. When the Companies...

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Takeover Panel publishes consultation paper

1 comment 4 June 2010 | Emma Cameron

Following on from recent criticism of the takeover of Cadbury Plc by Kraft Foods, the Code Committee of the Takeover Panel (Committee) has published a consultation paper to discuss shortcomings in the...

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What has the Coalition government got in store for business?

25 May 2010 | Richard Phillips

Before the general election, I looked at what the three main political parties were proposing for corporate governance, takeovers, businesses and regulation. All the parties had clear-cut policies in these...

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Director of corporate director not a de facto director

11 May 2010 | Emma Cameron

Background A "de facto director" is a person who acts as if he is a director of a company and is treated as such by the company’s board but has not in fact been validly appointed. A de facto director...

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Company law: where do the main political parties stand?

5 May 2010 | Richard Phillips

With the general election looming, this briefing looks at what the three main political parties have proposed for corporate governance, takeovers, small and medium-sized businesses, and regulation in their...

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