Boardroom Summaries are designed to give directors and executives a quick appreciation of new or changing issues and regulations that affect themselves or their companies. The main text provides a broad overview of the subject, with additional information on selected areas being provided in the coloured band.

Companies Act 2006:DIRECTORS' DUTIES AND DERIVATIVE ACTIONS

The new Companies Act introduces a whole range of changes to the legislation governing companies and their directors. This note looks at two particularly important areas: directors’ duties and the rights of shareholders to sue directors (“derivative actions”). 

Extradition

The UK and US, driven by anti-terrorism objectives, signed a treaty to speed up extradition applications in March 2003. The resulting fast track regime, dispensed with requirements to produce clear evidence in support of an extradition.

Public Offering Of Securities

Would be investors and analysts have always scrutinised the prospectuses of companies raising capital for MBOs, stock exchange listings, mergers, expansion and so forth. And that scrutiny does not stop once the transaction has been completed. Stakeholders and potential investors want to know how well their money has been invested - and in an unforgiving recessionary environment, there are no buoyant equity markets to conceal underperformance.