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Reforming Company and Takeover Law in Europe (Hardcover)
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Reforming Company and Takeover Law in Europe (Hardcover)
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This book examines reforms in company and takeover law, crucial to
modern business and economics. Reform activity is underway in the
UK, Germany, France, Italy, and most other member States of the
European Union. In addition, the EU is developing its own rules and
reform plans. The European 13th directive was enacted in December
2003- this requires modifications of member State takeover law. The
European Commission has outlined the company law action plan which
will lead to important directives from 2004 to 2010. This book is
the first to deal comprehensively with both the 13th directive and
the EU company law action plan, providing commentary on the action
plan, and critically assessing what the future may hold. The
takeover law provisions in the 13th directive, including the
'break-through' rule and the controversial level playing field for
takeover activities amongst European member states and between them
and the United States are examined. The contributions also address
a wide range of topical issues including corporate disclosure,
board structure, the role of non-executive and supervisory
directors, remuneration of directors, responsibility of the
management and the board, personal liability of board members,
auditors, and conflicts of interest. The company law action plan
and the two reports of the High Level Group of Company Law Experts
upon which the plan was based are reproduced in full in a useful
annex.
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