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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Company law
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The Making of the Modern Company (Hardcover)
Loot Price: R3,081
Discovery Miles 30 810
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The Making of the Modern Company (Hardcover)
Series: Contemporary Studies in Corporate Law
Expected to ship within 9 - 15 working days
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This book adopts a historical perspective to highlight, and bring
back into focus, the key features of the modern company. A central
argument in the book is that legal personhood attaching to an
entity containing a corporate fund seeded by shareholders is a
direct and inevitable consequence of limited liability and the
company's status as a separate legal entity from its shareholders.
Management by a board subject to legal duties to the company as an
entity that can exist in perpetuity facilitates a long term
perspective by the board that can accommodate both shareholder and
stakeholder interests. These defining characteristics differentiate
the modern company from other business forms. The Making of the
Modern Company applies a 21st-century lens to the corporation
through its history to identify turning points in its development.
It sets out how key features emerged in the course of two separate
developmental cycles in English corporate law: first with the
English East India Company in the 17th century, and then with
general incorporation statutes in the 2nd half of the 19th century.
The book's historical perspective highlights that the key features
are part of the 'secret sauce' of modern companies. Each cycle
coincided with unparalleled periods of economic success associated
with corporate activity This book will be of interest to corporate
law and governance academics, theorists and practitioners, those
who study the company from related disciplines, and anyone who
questions why uncertainty still exists about the structure of a
legal form that has been described as 'amongst mankind's greatest
inventions'.
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