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UCL Centre for Commercial Law, University College London (UCL), Law Faculty Events

Beyond the Crisis: Current Issues in Corporate Governance

UCL Faculty of Laws Events

Wednesday, May 12, 2010 at 6:00 PM (BST)

London, United Kingdom

Beyond the Crisis: Current Issues in Corporate Governance

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Event Details

UCL Centre for Commercial Law seminar:
Beyond the Crisis: Current Issues in Corporate Governance

12 May 2010, 6-8pm
at the Offices of Slaughter and May

Panel of Experts:

  • Chair, Dr Arad Reisberg
    (Vice-Dean, UCL & Director, UCL Centre for Commercial Law) 
  • Daragh Fagan 
    (Thomson Reuters);
  • Nick Gould 
    (Ince & Co)
  • Professor John Lowry 
    (Professor of the Law at UCL and Vice-Dean)
  • Dr Marc Moore 
    (Lecturer in laws at UCL)
  • Richard Smith
    (Slaughter and May LLP) 

About the Seminar: 
This seminar assesses current issues and challenges affecting the governance practices of UK companies in light of the Companies Act 2006 and more recent regulatory initiatives in the field. In particular, the Panel of experts will discuss the inter-relationship between statutory, common law and “soft law” (e.g. the Combined Code) rules in establishing behavioural norms and expectations applicable to corporate directors and officers today.

Some of the issues/questions discussants will address include the following:

  • What degree of firm and industry knowledge is required by a director today in order to satisfy the “reasonable skill” component of section 174? To what extent will this standard differ between: (a) executive and non-executive directors; and (b) financial and non-financial company directors?
  • Will the express definitions given to the respective roles of the chairman and non-executive directors under the new UK Corporate Governance Code make it easier to advise directors on compliance with their statutory duty of care, skill and diligence?
  • What are the limitations of D&O liability insurance coverage, and to what extent are these limitations addressed effectively by the potential availability of judicial liability relief under section 1157 of the CA 2006?
  • Part 10 of the CA 2006 was designed to simplify the application of directors’ duties, especially concerning the approval procedures for directorial conflicts of interest and self-dealing transactions. To what extent have UK listed companies benefited from these measures, particularly in view of their continuing listing obligation to make public notification of related party transactions?
  • What are the most pressing governance issues affecting private companies today, particularly those in the SME sector? To what extent are these problems adequately addressed by the existing regulatory machinery?
  • Is there a need for formalised “business judgement” protection for directors’ decisions (along US lines) under UK company law?

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When & Where

offices of Slaughter & May
One Bunhill Row

United Kingdom

Wednesday, May 12, 2010 at 6:00 PM (BST)

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