Corporate Theory and Corporate Law Reform in Australia

Agenda: A Journal of Policy Analysis and Reform, Vol. 1, No. 2, pp. 179-188, 1994

9 Pages Posted: 18 Jul 2009

See all articles by Ian Ramsay

Ian Ramsay

Melbourne Law School - University of Melbourne

Date Written: 1994

Abstract

Australian corporate law has been the subject of significant reform. This includes: (a) increased duties imposed upon company directors; (b) regulation of transactions between public companies and their related parties; (c) increased disclosure requirements for public companies; (d) new liability upon parent companies where a subsidiary trades while it is insolvent; and (e) a wider definition of insider trading. In this paper, the author evaluates some of these reforms in the light of theories of the corporation - particularly the managerialist (or institutionalist theory) and the contractual theory. The author also discusses the costs associated with some of the reforms.

Suggested Citation

Ramsay, Ian, Corporate Theory and Corporate Law Reform in Australia (1994). Agenda: A Journal of Policy Analysis and Reform, Vol. 1, No. 2, pp. 179-188, 1994, Available at SSRN: https://ssrn.com/abstract=1435204

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

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Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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