John Lowry

Abstract

Part 10 of the UK Companies Act 2006 codifies the fiduciary and common law duties of directors as a means of addressing the key policy considerations which underpinned the company law reform project launched by the Labour Government in 1998. Focusing on the core fiduciary duty of loyalty and its corporate law manifestation in the form of the ‘corporate opportunity doctrine’, the article critically examines whether the statutory language adequately captures the totality of the duty as developed in the case law. It concludes that the formalistic language of the relevant provisions neither encompasses the breadth of the pre-existing jurisprudence nor addresses the policy objectives of the reform exercise.

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Keywords

Company law reform
coorporate opportunity doctrine
statutory language

References
How to Cite
Lowry ج. (2012). Codifying the corporate opportunity doctrine: The (UK) Companies Act 2006. International Review of Law, 2012(1). Retrieved from https://journals.qu.edu.qa/index.php/IRL/article/view/1273
Section
Articles