Company Law Reform Bill -- Part 2

Bateman, Peter; Howley, Simon
March 2006
Credit Control;2006, Vol. 27 Issue 3, p12
Trade Publication
The article discusses the content and impact of the Company Law Reform Act 2006 on companies in Great Britain. The objectives of the reform is to simplify the administrative burden of small private companies and to facilitate shareholder engagement. Included in the new law is the authorization for companies to indemnify their directors in certain circumstances. However, the Parliament has eliminated a proposal to make the maximum sanction for the approval of defective accounts.


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