The role of directors in corporate takeovers
By: by Mazen Masri.
Published: 2005
Language: eng
Number of pages: 59
Subjects: University of Toronto. -- Faculty of Law -- Dissertations.; Directors of corporations -- Legal status, laws, etc.; Consolidation and merger of corporations.
Description: This paper reviews the different approaches that were developed in the US legal literature regarding the role of directors in corporate takeovers and investigates the factors that should affect the selection of any of these approaches. Four different approaches were introduced by the US legal literature and they range from "pure passivity" of directors in case of a takeover, to the almost unlimited discretion of directors to reject a takeover bid. This paper argues that a number of factors should be taken into consideration regarding the role of the directors, and these factors could be classified into two groups: legal factors and institutional factors. Legal factors include the securities regulation and corporate law in general. The institutional factors include the capital markets, their structure and efficiency and the courts system.
Notes: Thesis (LL.M.)-University of Toronto, 2005.

Includes bibliographical references (leaves 54-59)

ROBARTS MICROTEXT copy on microfiche (1 microfiche).