G: SHAREHOLDERS’ REMEDIES

1: DERIVATIVE CLAIMS UNDER THE COMPANIES ACT 2006

114 Background

Many of the provisions in the companies legislation are designed to prevent directors from abusing their power or making a profit out of their position at the expense of the company’s shareholders. Examples include the statutory codification of directors’ duties in the Companies Act 2006, the requirements for directors to obtain the approval of the shareholders for certain transactions with the company and even the right given to members to requisition a general meeting and put a resolution on the agenda1. The ultimate control could be seen as the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial