Company Law: Theory, Structure and Operation

Posted: 15 Sep 1999

See all articles by Brian R. Cheffins

Brian R. Cheffins

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


"Company Law: Theory, Structure and Operation" is the first United Kingdom law text to use economic theory to provide insights into corporate law, an approach widely adopted in the United States. In this book, Brian Cheffins discusses the inner workings of companies, examines the impact of the legal system on corporate activities and evaluates the merits of governmental regulatory strategies.

Topics which are discussed in the book include: 1) limited liability of shareholders 2) shareholders' remedies 3) corporate governance 4) executive pay 5) employee participation in corporate decision-making 6) the European Union's company law harmonisation program.

Brian Cheffins also examines in detail important policy questions not explored in detail in other texts on corporate law. Such questions include:

? What are the justifications for legal regulation of company affairs?

? What are the drawbacks associated with government intervention?

? How can one ascertain the optimal format for company law rules?

This book was named as co-winner of the 1998 prize for Outstanding Legal Scholarship awarded by the Society of Public Teachers of Law.

Suggested Citation

Cheffins, Brian R., Company Law: Theory, Structure and Operation. Brian Cheffins, COMPANY LAW: THEORY, STRUCTURE AND OPERATION, Oxford University Press, 1997. Available at SSRN:

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)

B-1050 Brussels

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