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Corporate Law and Governance

Monday, 31 January 2011

UK: a long-term focus for corporate Britain - GC100 response to BIS consultation

The Association of General Counsel and Company Secretaries of the FTSE 100 (the GC100) has published its submission to the Department for Business, Innovation and Skills call for evidence A Long-Term Focus for Corporate Britain: see here.

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Posted by Robert Goddard at 09:10
Labels: company secretary, dbis, gc100, uk

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Welcome


A message from Robert Goddard, Senior Lecturer in Law, Aston Law, Aston Business School, Birmingham, UK.
Email: r.j.goddard@aston.ac.uk

At Aston I teach courses in company law, corporate governance, securities law, financial regulation and taxation. This site primarily supports my company (corporate) law and governance teaching and to a lesser extent the other subjects I teach. It is primarily an online notepad where I record important developments, news and other items that interest me. It is also a portal providing quick access to the main corporate law and governance primary materials, news sources and relevant organisations (scroll down to see the links). In due course the site will support my book on corporate governance.

Users of this site include my students as well as colleagues at Aston and other universities. Practitioners tell me they find the site useful too. In 2010 the site was commended in Legal Week and also chosen as one of the LexisNexis Top 25 Business Law Blogs 2010.


The site's focus is the UK but interesting items from other jurisdictions are often included as are developments in the allied disciplines of capital market regulation and financial reporting.
To find information on certain topics, enter keywords into the search box above (e.g., financial reporting, pay, Companies Act, Australia, shareholder, director). This facility is not case-sensitive. If you are searching for certain section numbers from Acts, it is best to enter only the section number.

If you have any feedback, suggestions for entries, or if you find a link that does not work, please e-mail me. Please also feel free to leave a comment on individual posts (only comments that are useful to other readers will be published; if your comment contains a link to another site, that site must be relevant to the post).

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Current and Recent Reviews etc

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  • OECD: Corporate Governance and the Financial Crisis
  • UK: BIS Companies Act 2006 evaluation
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UK Corporate Governance Reports

  • Cadbury
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  • Guidance: the UK Approach to Corporate Governance (FRC, Oct 2010)

UK Codes, Principles, Rulebooks and Guidance

  • Aberdeen Corporate Governance Principles
  • ABI Guidelines
  • Audit Firm Governance Code
  • City Code on Takeovers and Mergers
  • Code of Governance for Credit Unions
  • Combined Code on Corporate Governance (annotated BSA version)
  • Department for Health: Integrated Governance Handbook
  • Executive Remuneration Consulting Code of Conduct
  • FRC Guidance on Audit Committees
  • FRC Guidance on Board Effectiveness
  • FSA Handbook
  • Good Governance: A Code for the Voluntary and Community Sector
  • Hermes Principles
  • Institute of Directors - Four Key Tasks of the Board
  • Institute of Directors Code of Professional Conduct
  • ISC - Code on the Responsibilities of Institutional Investors
  • ISC - Statement of Principles: the responsibilities of institutional shareholders
  • Listing Rules
  • London Stock Exchange Rules and Regulations
  • Monitor: NHS Foundation Trust Code of Governance
  • Myners Principles
  • Statements of Insolvency Practice
  • Stewardship Code for Institutional Investors
  • The UK Corporate Governance Code
  • Turnbull Guidance
  • Walker Guidelines for Disclosure and Transparency in Private Equity

UK FSA Handbook: Corporate Governance Rules

  • The UK Corporate Governance Code: Comply or Explain (UK Listing Rule 9.8.6)
  • Introduction (DTR 1B)
  • Periodic Financial Reporting (DTR 4)
  • Audit Committees (DTR 7.1)
  • Corporate Governance Statements (DTR 7.2)

UK FSA Handbook: Remuneration Code

  • Click here

Other Codes, Principles and Rules

  • CalPERS Global Principles of Accountable Corporate Governance
  • Financial Stability Forum Principles for Sound Compensation Practices
  • ICGN Best Practice
  • OECD Principles of Corporate Governance
  • United Nations Guidance on Good Practices in Corporate Governance Disclosure
  • United Nations Principles for Responsible Investment

Codes from the ECGI Directory

Algeria | Argentina | Australia | Austria | Bahrain |Baltic States |Bangladesh| Belgium | Brazil | Bulgaria | Canada | China | Commonwealth | Colombia | Croatia | Cyprus | Czech Republic | Denmark | Egypt | Estonia | Finland | France | FYR Macedonia | Georgia | Germany | Greece | Hong Kong | Hungary | Iceland | India | Indonesia | International | Ireland | Italy | Jamaica | Japan | Kazakhstan | Kenya | Latin America | Latvia | Lebanon | Lithuania | Luxembourg | Malaysia | Malta | Mexico | Moldova | Montenegro | Morocco | New Zealand | Nigeria | Norway | OECD | Pakistan | Europe | Peru | Poland | Portugal | Romania | Russia | Serbia |Singapore | Slovakia | South Africa | Slovenia | South Korea | Spain | Sri Lanka | Sweden | Switzerland | Taiwan | Thailand | The Netherlands | The Philippines | Trinidad and Tobago | Tunisia | Turkey | Ukraine | United Kingdom | USA |Yemen |

Links to UK legislation: please note


There are two main (free) sources for UK statutory materials: OPSI and the Statute Law Database. OPSI provides legislation as enacted: amendments are not made. The legislation on the SLD is updated but not necessarily in a timely manner.

Companies Act (2006)

  • Copy of the Act - from the Statute Law Database
  • Regulations (draft)
  • Regulations and Commencement Orders

Companies Act (2006) - reference materials

  • BERR - a summary for private companies
  • BERR - frequently asked questions
  • BERR - guidance on the accounting requirements
  • BERR - implementation timetable
  • BERR - what's new?
  • Companies House guidance
  • Directors' duties - ministerial statements
  • Explanatory notes
  • Hansard references

Companies Act (2006) - professional guidance

  • ACCA
  • Companies House
  • Directors' duties - guidance by David Chivers QC
  • GC100
  • ICAEW technical releases
  • ICSA

Companies Act (2006) - background materials

  • Company Law Reform white paper (2005)
  • Company Law Review reports and consultation papers
  • House of Commons Trade and Industry Committee Report: the White Paper on Modernising Company Law (2003)
  • Modernising Company Law white paper (2002) [not available to view online]

Other Reviews of Company Law

  • Cohen Committee Report (1945)
  • Europe: Modernisation of Company Law and Enhancement of Corp Gov (2002)
  • Greene Committee Report (1925)
  • Jenkins Committee Report (1948)
  • Law Commissions Report: Amendment of the Companies Acts 1948-1983 (1983)
  • Law Commissions Report: Directors' Duties (1999)
  • Law Commissions Report: Further Amendments of the Companies Acts 1948-1983 (1984)
  • Law Commissions Report: Shareholder Remedies (1997)
  • Wrenbury Committee Report (1918)

Other Legislation

  • Banking (Special Provisions) Act (2008)
  • Banking Act (2009)
  • Bankruptcy and Diligence etc (Scotland) Act (2007)
  • Bribery Act (2010)
  • Companies Act (1985)
  • Companies Act (1989)
  • Company Directors Disqualification Act (1986)
  • Corporate Manslaughter and Corporate Homicide Act (2007)
  • Corporation Tax Act (2009)
  • Enterprise Act (2002)
  • European Company Law
  • Financial Services Act (2010)
  • Financial Services and Markets Act (2000)
  • Fraud Act (2006)
  • Insolvency Act (1986)
  • Legislative and Regulatory Reform Act (2006)
  • Limited Liability Partnerships Act (2000)
  • Partnership Act (1890)
  • UK legislation database
  • USA: Dodd-Frank Act (2010)
  • USA: Sarbanes-Oxley Act (2002)

Companies Legislation in the Crown Dependencies

  • About
  • Guernsey
  • Isle of Man
  • Jersey

Companies Legislation in selected UK Overseas Territories

  • About
  • Anguilla
  • Bermuda
  • British Virgin Islands
  • Cayman Islands
  • Gibraltar
  • Montserrat
  • Pitcairn
  • Sovereign Base Areas Cyprus
  • St Helena
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Case Law & Tribunal Decisions

  • British and Irish Legal Information Institute (BAILII)
  • Company Names Tribunal
  • European Court of Justice
  • Financial Services and Markets Tribunal
  • Guernsey Legal Resources
  • House of Lords Judicial Business
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  • Jersey Law
  • Law Society Gazette Law Reports
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  • UK Supreme Court
  • WLR Daily
  • World Legal Information Institute

European law proposals

  • European Private Company Statute

Model Articles of Association (Table A)

  • Draft guidance from the Department for Business, Innovation and Skills
  • Companies House list (from 1856)
  • Private companies limited by shares (1 October 2009)
  • Public companies (1 October 2009)

Professional Guidance

  • ACCA - Technical Advisory
  • Companies House Guidance Booklets
  • ICAEW Technical Releases
  • ICSA guidance
  • PWC - Best Practice Corporate Governance Reporting

News Sources

  • AccountancyAge
  • Accounting Education News
  • Chartered Secretary Magazine
  • Companies House Register Magazine
  • Compliance Week
  • Corporate Compliance Insights
  • Deloitte - governance in the news
  • Department for Business, Innovation and Skills press releases
  • EU Internal Market News
  • EurActiv
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  • Financial Times newspaper
  • Governance newsletter
  • Inner Temple Law Library current awareness
  • International Herald Tribune
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  • KPMG Audit Committee Quarterly
  • Law Society Gazette
  • Lawfeeder
  • Lexology
  • London Gazette
  • Mondaq company law news
  • Practical Law Company updates
  • PwC Legal UK
  • PwC World watch - governance and corporate reporting
  • Scottish Law Society Journal
  • Solicitors Journal
  • Stanford Corporate Governance Wire
  • Times Law
  • Wall Street Journal

Blogroll

  • Bainbridge, Prof
  • Bank Law
  • Bankruptcy, Insolvency and Corporate Rescue
  • Blawg
  • China Law
  • Conference Board Governance Center
  • Corpgov.net (USA)
  • Corporate Governance - Mallin and Tricker
  • Corporate Law (India)
  • Corporate Library (USA)
  • Definingtension (Netherlands)
  • Delaware Corporate & Commercial Litigation (USA)
  • Delaware Corporate Governance
  • Edinburgh Centre for Commercial Law
  • EU Law
  • FT Blogs
  • Harvard Law School Corporate Governance and Financial Regulation (USA)
  • Head of Legal
  • Insolvency Blog
  • Jim Hamilton's World of Securities Regulation
  • Labour and Capital
  • Law Central
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  • Manifest
  • PwC Corporate Reporting
  • Race to the Bottom (USA)
  • Regulatory Compliance Review (Australia)
  • Risk and Governance
  • Securities Law Online (Canada)
  • Siemslegal
  • The Boardroom (Grant Thornton)
  • Tyngewick Gawcott - finance and accounting
  • UK Supreme Court Blog
  • Wall Street Journal Law Blog (USA)

Resources for Learning and Teaching

  • Accounting Education
  • Financial Times Lexicon
  • Legal Terms Glossary (England and Wales)
  • Legal Terms Glossary (Scotland)
  • Oxford University Press - Company, Commercial and Business Law Online Resource Centres
  • Prof. Alastair Hudson - resources for teaching company law, finance, corporate governance and more
  • Prof. Bob Tricker's Corporate Governance - Online Resource Centre
  • Prof. Christine Mallin's Corporate Governance - Online Resource Centre

Academic/Research Groups and Networks

  • British Academy of Management - Corporate Governance Special Interest Group
  • British Academy of Management - Corporate Social Responsibility Special Interest Group
  • British Accounting Association - Corporate Governance Special Interest Group
  • Centre for Mutual and Employee-owned Business
  • Corporate Law Teachers Association
  • ESRC Centre for Analysis of Risk and Regulation
  • ESRC Re-engineering the Corporation Seminar Series
  • ESRC World Economy and Finance Research Programme
  • European Corporate Governance Institute
  • Governance Beyond the Boardroom
  • London Centre for Corporate Governance and Ethics
  • Reflexive Governance in the Public Interest (6th European Framework Programme in Research and Development)
  • Social Sciences Research Network - Corporate Governance Research Network
  • Society of Legal Scholars - Banking and Finance
  • Society of Legal Scholars - Company Law Group
  • Socio-Legal Studies Association

Government and Regulatory Organisations (UK)

  • Accounting Standards Board
  • Bank of England
  • Charity Commission
  • Community Interest Companies Regulator
  • Companies House
  • Competition Commission
  • Department for Business, Innovation and Skills
  • Financial Reporting Council
  • Financial Services Authority
  • Health and Safety Executive
  • HM Treasury
  • Investment Governance Group
  • London Stock Exchange
  • Ministry of Justice
  • Office of Fair Trading
  • Office of the Scottish Charity Regulator
  • Serious Fraud Office
  • Takeover Panel

Law Organisations

  • Chancery Bar Association
  • City of London Law Society Company Law Committee
  • Company Law Forum
  • European Commission - Company Law and Corporate Governance
  • Financial Markets Law Committee
  • Financial Services Lawyers Association
  • Irish Corporate Law Forum
  • Law Commission (England and Wales)
  • Law Commission (Scotland)
  • Law Society - Company Law
  • Lawyers in Commerce and Industry

Other Organisations

  • ACCA - Technical Library
  • All-Party Parliamentary Corporate Governance Group
  • Asian Corporate Governance Association
  • Audit Quality Forum
  • Bank for International Settlements
  • British Bankers Association
  • Central European Corporate Governance Association
  • Climate Disclosure Standards Board
  • Commonwealth Association of Corporate Governance
  • Corporate Governance Association of Ireland
  • Corporate Library (US)
  • Council of Institutional Investors
  • ETUI-REHS Company Law and Corporate Governance
  • European Confederation of Directors' Associations
  • European Corporate Governance Forum
  • European Group of Auditors’ Oversight Bodies
  • European Securities and Markets Authority
  • Federation of European Securities Exchanges
  • Financial Accounting Standards Board
  • Financial Stability Board
  • GC100 Group
  • Global Corporate Governance Forum
  • Hedge Fund Standards Board
  • ICAEW corporate governance
  • Insolvency Practitioners Association
  • Institute of Business Ethics
  • Institute of Chartered Secretaries and Administrators
  • Institute of Directors
  • Institutional Shareholders' Committee
  • International Accounting Standards Board
  • International Auditing and Assurance Standards Board
  • International Corporate Governance Network
  • International Organisation of Securities Commissions
  • OECD Corporate Governance
  • Personal Accounts Delivery Authority
  • PIRC
  • Pre-emption Group
  • Quoted Companies Alliance
  • Remuneration Consultants Group
  • Robert Monks
  • Royal Society of Arts: Tomorrow's Investor
  • Securities and Investment Institute
  • Sovereign Wealth Fund Institute
  • Takeover Appeal Board
  • Tomorrow's Company
  • UK Financial Investments Ltd
  • Walker Guidelines Monitoring Group
  • World Council for Corporate Governance

Selected Journals and Research Publications

  • ACCA Research Reports
  • Accounting, Organizations and Society
  • BRASS
  • British Accounting Review
  • Cambridge Centre for Business Research - Working Papers
  • Capital Markets Law Journal
  • Corporate Governance Law Review
  • Corporate Governance: An International Review
  • Delaware Journal of Corporate Law
  • Enterprise and Society
  • ESRC - Corporate Governance and Ownership
  • European Business Organization Law Review
  • European Corporate Governance Institute
  • Foundation for Governance Research and Education
  • FSA Research
  • ICAS Research Publication List
  • International Journal of Disclosure and Governance
  • Journal of Applied Corporate Finance
  • Journal of Banking Regulation
  • Journal of Corporate Law Studies
  • Journal of Finance
  • Journal of Management and Governance
  • Journal of Securities Law, Regulation and Compliance
  • Law and Financial Markets Review
  • Modern Law Review
  • Social Sciences Research Network

Collections of Links

  • Change Leaders Resources
  • Corpgov.net
  • ICAEW
  • Intute
  • Intute - company law
  • Melbourne University CCLSR

Historical Materials (very much a work in progress)

  • Clark's "A Treatise on the Law of Partnership and Joint-Stock Companies according to the Law of Scotland" (Edinburgh: T&T Clark, 1866)
  • Cohen Committee Report (1945)
  • Companies Act (1948)
  • Cox's "The Law and Practice of Joint Stock Companies and Other Associations" (London: Crockford, 1862)
  • Greene Committee Report (1925)
  • Harvard Business School: South Sea Bubble collection
  • Jenkins Committee Report (1962)
  • Kyd's "A Treatise on the Law of Corporations" (London: Butterworth, 1793)
  • Lindley's "A Treatise on the Law of Companies" (London: Sweet and Maxwell, 1899)
  • Markham's "The Shareholders' Legal Guide" (London: Robertson, 1858)
  • Palmer's "The Companies Act 1900" (London: Stevens, 1901)
  • Topham's Principles of Company Law (London: Butterworths, 1910)
  • Wrenbury Committee Report (1918)