Corporate Disclosure of Loans to Directors: Report of an Empirical Study

Company and Securities Law Journal, Vol. 9, No. 2, April 1991

5 Pages Posted: 17 Jul 2009

See all articles by Ian Ramsay

Ian Ramsay

Melbourne Law School - University of Melbourne

Date Written: April 30, 1991

Abstract

This paper reports the results of a study of disclosure of loans made by listed Australian companies to their directors. Thirty six percent of the surveyed companies disclosed outstanding loans to directors. The author explores the implications of the results of the study, noting that the minimal disclosure requirements mean that in many instances, the purpose of the loan is not disclosed and where disclosure of the purpose of the loan is made, there is a lack of consistency.

Suggested Citation

Ramsay, Ian, Corporate Disclosure of Loans to Directors: Report of an Empirical Study (April 30, 1991). Company and Securities Law Journal, Vol. 9, No. 2, April 1991, Available at SSRN: https://ssrn.com/abstract=1435137

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
287
Abstract Views
951
Rank
193,764
PlumX Metrics