Directors' duties and shareholder litigation in the wake of the financial crisis
By: edited by Joan Loughrey
Series: Corporations, globalisation, and the law; Corporations, globalisation, and the law
Publisher: Edward Elgar Publishing Limited
Published: 2013
Place of publication: Cheltenham, UK; Northamption, Mass
Language: eng
Number of pages: 261
ISBN-13: 9780857939654
Subjects: Directors of corporations; Legal status, laws; Stockholders; Securities; Financial crises
Description: The financial crisis revealed failings at board level at many financial institutions. But despite calls for bank boards to be held to account, there has been a remarkable paucity of litigation against bank directors for breach of their duties to their institutions. This book assesses whether the law relating to directors' duties and shareholder litigation has contributed to this, taking into account the changes to both that were introduced by the Companies Act 2006.
Notes: Includes bibliographical references and index.