Company Law by Paul L Davies

Company Law by Paul L Davies

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Summary

Offering an introduction to company law, this work sets out the five key functions of company law: the creation of separate legal personality for the company; the conferment of limited liability on shareholders; the provision of centralised management; the allocation of control rights over the company; and the creation of transferable shares.

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Company Law by Paul L Davies

This addition to the renowned Clarendon Law Series offers a concise and stimulating introduction to company law. Professor Davies sets out the five key functions of company law: the creation of separate legal personality for the company; the conferment of limited liability on the company's shareholders; the provision of centralised management; the allocation of control rights over the company; and the creation of transferable shares. However, the purpose of company law is not simply to implement these policies as they all have costs as well as benefits. The role of the law is therefore to maximise the benefits whilst minimising the costs. The author examines these crucial policy choices within the context of the central relationships with which company law deals (or ought to deal). These are the relations between senior management and the shareholders; those between majority and minority shareholders; and those between company controllers (whether managers or shareholders) and non-shareholder stakeholders in the company. This new and comprehensive introductory volume is an essential resource for all those studying company law.
SKU Unavailable
ISBN 13 9780199249404
ISBN 10 0199249407
Title Company Law
Author Paul L Davies
Series Clarendon Law Ser
Condition Unavailable
Binding Type Paperback
Publisher Oxford University Press
Year published 2002-06-01
Number of pages 336
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.