Corporate Law – Cheap Research Essays

THE LEGAL CONTROL OF DIRECTORS’ REMUNERATION WITHIN THE UNITED KINGDOM
THE BRIEF

“The UK has devoted considerable regulatory resources to seeking to limit the growth of directors’ remuneration, despite this being a

very challenging goal within the constraints of a free market economy. Despite this the exercise must be deemed a failure, both in

terms of achieving this goal and the UK’s own international competitiveness as a regulatory regime.”

Critically analyse this statement. You should evaluate relevant UK legal doctrine and procedures in their theoretical, doctrinal and

international context.

Importance

Please be note that
1.the reference should provide by OSCOLAR style
2.this assignment should consider in the concept of critical analyse in particular case law.

Books requires that it will useful for you

1.Principles of Modern Company law Nine edition page 383
2.Boyle& Birds’ Company Law Chapter 15 page 549
3.Sealy & Worthington’s Cases and Materials in Company law tenth edition page 261-277, especially 270-277
4.Company Law Alan Dignam& John Lowry 7th edition page 288, especially page 304
DIRECTORS’ REMUNERATION

BACKGROUND AND LEARNING OBJECTIVES

In this session we focus on directors’ remuneration. The subject of directors’ remuneration has become central to the corporate

governance debate and undoubtedly played a significant role in raising its prominence. The concept of directors’ remuneration sits ill

at ease alongside a range of company law assumptions, such as the scope of a director’s duties. It raises awkward questions as to the

reality of board accountability to shareholders which have wider ramifications. The crisis in the banking and financial services sector

has provided further impetus for reform in this area.

Your objectives for this session are to be able to:

(a) Analyse the legal and regulatory requirements which apply to directors’
remuneration;

(b) Evaluate the attempts to control directors’ remuneration in the light of relevant
academic theories and debate.

READING

Introduction:

Dignam, A. & J. Lowry, “Company Law” (Oxford: Oxford University Press, 2014), Ch. 13

Texts:

Birds, J. et al., “Boyle and Birds’ Company Law” (Bristol: Jordans, 2014), Ch. 15
Davies, P.L. and S. Worthington, “Gower and Davies’ Principles of Modern Company Law” (London: Sweet & Maxwell, 2012), Ch. 14
Kershaw. D., “Company Law in Context” (Oxford: Oxford University Press, 2012), Ch. 8