Article image
Article image
Article image
Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

BRITISH COMPANY LAW

IMPROVEMENTS SUGGESTED

Changes in British Company Law are recommended by the Company Law Amendment Committee set up in June, ] 943, under the chairmanship of Mr, Justice Cohen. . , The committee has now. issued its report after holding 47 meetings, at 26i of which oral evidence was heard. The committee is satisfied that the great majority of limited companies are honestly and consciously managed and that the power of limited liability companies is beneficial to trade and essential to British prosperity. However, says the report, if there is to be any flexibility in the Companies Act, opportunities for abuse will inevitably exist. Therefore the committee considers the fullest practicable disclosure of information concerning companies' activities will lessen such opportunities and be in accord with the awakening social consciousness. The committee has also sought to nnrt means of making it easier for shareholders to exercise more effective general control over the management of their companies, and makes a number of recommendations for far-reaching changes in the Companies' Acts. Few of many constructive suggestions that were submitted to it bv a large number of influential bodies and individuals were completely turned down.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19450725.2.28

Bibliographic details

BRITISH COMPANY LAW, Auckland Star, Volume LXXVI, Issue 174, 25 July 1945

Word Count
191

BRITISH COMPANY LAW Auckland Star, Volume LXXVI, Issue 174, 25 July 1945

Working