This module examines the major aspects of company law in the United Kingdom, including a critical evaluation of the role of corporations within society. It begins with the history and development of modern company law and then briefly deals with the formation and constitution of companies. It then considers the concept and consequences – legal and social – of legal personality, the primary liability of companies for torts and wrongs and the rules relating to corporate contracts.
After examining some aspects of share capital and shares, the module will critically assess the impact and implications of shareholder control rights and corporate decision-making based on shareholder value. The module will then go on to examine the major issue of corporate control, involving the duties and liabilities of directors, the powers of the majority and the protection of minority shareholders.