Why all directors should be shareholders in the company: the case against "independence"

McConvill, James and Bagaric, Mirko 2004, Why all directors should be shareholders in the company: the case against "independence", Bond law review, vol. 16, no. 2, pp. 40-65.

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Title Why all directors should be shareholders in the company: the case against "independence"
Author(s) McConvill, James
Bagaric, Mirko
Journal name Bond law review
Volume number 16
Issue number 2
Start page 40
End page 65
Publisher Bond University. Faculty of Law
Place of publication Gold Coast, Qld.
Publication date 2004-12
ISSN 1033-4505
Summary It is argued that the shift towards more 'independent' directors, in the wake of corporate collapses, is a fundamentally bad move, undermining the rights and powers of minority shareholders - entrenches a second-rate corporate governance model, separation of ownership and control, in company law - rather than suggest cosmetic reform in an attempt to address the problem, it is proposed that all directors must have significant interest in the company they serve - directors' self-interests and the best interests of the company become intertwined - this is a more effective way of tackling the problem of separation of ownership and control
Language eng
Field of Research 180109 Corporations and Associations Law
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002662

Document type: Journal Article
Collections: Faculty of Business and Law
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