Latest news and views tagged Shareholders
RSS
Under section 678(1) of the Companies Act 2006 (CA), it is unlawful for a public company or its subsidiaries to give financial assistance to any person acquiring, or proposing to acquire, shares in that...
Government consults on draft Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011
The Department for Business, Innovation and Skills (BIS) has asked for comments on the draft Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011.
These Regulations will implement...
Share valuation provisions – recent case
Background
The articles of association of a company (articles) govern its constitution and often contain provisions relating to the transfer of shares. If a company has directors or employees who own...
Thinking of setting up a business?
The attached article which was published in Hertfordshire Business sets out some helpful guidance. Hertfordshire Business - 1 11 2010
Articles of association are like any other contract
Introduction
In a recent decision the High Court emphasised that the articles of association of a company are to be construed in the same way as any other commercial contract.
Background
A company’s...
New report published on corporate governance for unlisted EU companies
Earlier this year, the European Confederation of Directors’ Associations and the Institute of Directors published guidance on corporate governance for unlisted companies in the EU. This guidance has...
Government consultation on economic short-termism
The Department for Business, Innovation and Skills has published a consultation document "A Long-Term Focus for Corporate Britain". This is the first step of a government review into economic short-termism...
New draft guidance on improving board effectiveness
The Institute of Chartered Secretaries and Administrators (ICSA) has published draft guidance on improving public company board effectiveness, as part of its review of the Higgs Review on Corporate Governance.
The...
New ruling on accounts warranties appears to favour sellers
Background
The terms of the sale of a company’s shares are usually documented in a share purchase agreement (SPA). An SPA will typically list various warranties given by the seller to the buyer. Warranties...
Government stands firm on calls for takeover regulation reform
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...