Corporate Reporting and Company Law (Cambridge Studies in Corporate Law)
Publisher: Cambridge University Press
Published: July 17, 2006
Language: eng
Format: Hardcover
Number of pages: 358
ISBN-13: 9780521837934
Subjects: Company law; Legal Reference / Law Profession; Law; Administrative Law & Regulatory Practice; Management - General; Business & Economics / Management; Corporate; Corporation reports; Disclosure in accounting; Great Britain; Law and legislation
First sentence: In the twenty-first century the disclosure concept might be taken very much for granted in company law.
Description: The importance of disclosure as a regulatory device in company law is widely recognized. This book explores the disclosure requirements of companies in their reporting activities, and seeks to bring together the main features of the reporting system. The book considers the theoretical basis of the corporate reporting system and describes the regulatory framework for that system. It explores financial reporting and 'narrative' reporting, highlighting the fact that financial reporting requirements are more substantially developed than narrative reporting requirements - a consequence of the shareholder-centred vision that persists in company law. The roles of those responsible for providing corporate reports and those entitled to receive such information are examined. The book concludes with some broad suggestions for future development, with particular focus on the need to recognize the relevance of the communicative role of corporate reporting. The use of new technology also presents both challenges and opportunities for improving the regime.