Linck et al.(2008) investigate the determinants of board structure in the US, an environment
that features high litigation risk and low ownership concentration. In contrast, using a hand …

" The relationship between corporations and the public is in crisis. After surveying more than
33,000 people in 28 countries, a recent report found that only 52 percent of those surveyed …

'This is legal scholarship of the finest kind, concerned with an issue of supreme political,
economic and social importance. Professor Keay takes the debate on the object of the …

This article examines lawyers' responses to the Companies Act 2006, section 172, which
controversially introduces the concept of enlightened shareholder value into the law of the …

This paper investigates how the features of CEO equity-based compensation are associated
with the agency costs of monitoring (measured by external audit fees) in an Australia setting …

In the UK's Companies Act 2006 the traditional shareholder value principle was modified by
the introduction of the principle of enlightened shareholder value, the primary source of …

The general duties owed by directors to their companies are a critical element of company
law overall, and corporate governance in particular. If these duties are breached, the board …

Two theories, the shareholder primacy and stakeholder theories, have dominated the long-
running debate about the objective of the company, but recently a different theory, called the …

This study investigates the economic consequences of the IFRS 3 (2008) requirement for fair
valuing earnouts. Using a hand-collected sample of earnout fair value estimates in …

In October 2007 a statutory scheme, designed to address the issue of derivative actions,
came into force. The scheme provided that shareholders wishing to continue (or commence) …