Subjects:

Company Law

Contents:

Part I The Framework of Corporate Activity: The Company and the Corporate Group

Corporate Finance Structure: Basic Legal, Accounting and Financing Considerations

The Company as a Business Operator.

Part II Corporate Governance: Management of Companies

Controlling Management - Duties of Honesty, Propriety and Loyalty

Controlling Management - Duties of Care and Skill

Non Executive Directors

Controlling Management - Corporate Democracy and the Role of Institutional Investors.

Part III Share Capital: Shares and Share Capital

Rights Attaching to Shares

Maintenance and Reduction of Capital

Financial Assistance

Distributions to Shareholders

Share Buy Backs and Redeemable Shares.

Part IV Loan Capital: Loan Capital - General Considerations

Secured Debt

Subordinated Debt.

Part V Raising Finance from Capital Markets: Initial Public Offers of Securities

Secondary Offers of Securities.

Out Of Print

The limited company is the dominant type of organizational structure for businesses operating in the UK. It is the best available mechanism for raising finance and diversifying financial risk. This book identifies the company as a financing vehicle and explains how the law facilitates the raising of finance by providing the corporate form and methods of financing that match the changing needs of a business through its life.

The approach differs from that of other legal texts and provides a distinctive orientation.;The rules relating to share capital, debt finance and public offers of securities are clearly explained with emphasis throughout on their practical operation and on the interests that these requirements are intended to protect. Topical corporate finance issues, such as the ways in which companies can return value to their shareholders, are examined.

The corporate governance implications of raising finance from external investors are considered. Key corporate governance issues such as the role of non-executive directors and institutional investors are analyzed.;The book is intended for undergraduate and graduate students on company law, corporate finance law and corporate governance courses, as well as practitoners and academics in the fields of company law and corporate finance.