In the wake of the Companies Act 2006: an assessment of the potential impact of reforms to company law
journal contribution
posted on 2023-06-07, 22:07authored byPaul Omar
Reflects on the impact of the Companies Act 2006, focusing on provisions relating to: (1) the removal of the requirement for an objects clause in company incorporation documents; (2) new rules on directors' appointments and capacity; (3) the codification of directors' duties and the relationship of the statutory code to earlier common law duties; (4) changes to the directors' disqualification regime; (5) the introduction of a statutory derivative action; and (6) the minimisation of governance requirements for small companies. Notes the European Union approach to company law reform.