'Developing Directors' Duties': The Legal and Theoretical Context

28 Pages Posted: 8 Nov 1999

See all articles by Brian R. Cheffins

Brian R. Cheffins

University of Cambridge - Faculty of Law; European Corporate Governance Institute (ECGI)

Abstract

The Law Commission of England and Wales and the Scottish Law Commission published in 1998 a consultation paper dealing with duties which directors owe to their companies (the report is available at http://www.open.gov.uk/lawcomm/library/lib-comp.htm#libcp153).

In this document, the Law Commissions assessed whether basic duties found in case law should be put into statutory form and reviewed existing legislative provisions to determine whether they could be simplified and modernised. The publication of the consultation paper acted as the triggering event for the organising of a conference on directors' duties in Cambridge in December 1998 and one of the primary purposes of the event was to debate issues arising from this document. This article places the proceedings of the Cambridge directors' duties conference in context. It does so by describing various trends which are currently helping to make UK company law an intellectually stimulating subject and by explaining how these are relevant to the work done by the Law Commissions and to the various published contributions made by conference participants.

Suggested Citation

Cheffins, Brian R., 'Developing Directors' Duties': The Legal and Theoretical Context. Company Financial and Insolvency Law Review, Vol. 3, No. 2, 1999. Available at SSRN: https://ssrn.com/abstract=179388 or http://dx.doi.org/10.2139/ssrn.179388

Brian R. Cheffins (Contact Author)

University of Cambridge - Faculty of Law ( email )

10 West Road
Cambridge, CB3 9DZ
United Kingdom
+44 1223 330084 (Phone)
+44 1223 330055 (Fax)

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

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