The Companies Act 2006 codified directors’ duties and introduced a new statutory procedure for derivative actions. With the significant increase in the availability of third party litigation funding, and in the light of investors’ recent credit crunch losses, is the scene now set for an increase in shareholder activism?
Edward Sparrow and Mark Clarke explain the regulatory framework for directors and shareholders in the UK, examine recent developments affecting shareholder activism and consider whether the credit crunch will give rise to an increase in activism in the future.
Original audience
Lawbites (London office).
Date recorded
03 Mar 2009.
Duration
1 hour(s).