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A critique of shareholder primacy under UK takeover law and the continued imposition of the Board Neutrality Rule

  • Chrispas Nyombi
Research Output: Contribution to journal Article Peer-review

Abstract

Purpose – The purpose of this paper is to determine whether the Board Neutrality Rule and the primacy afforded to shareholders during takeovers is justified under common law and policy. Design/methodology/approach – The paper provides a detailed assessment of the role play by the board neutrality rule and whether this is supported by takeover law and Company law. A review of case law and statutes is provided. The paper is largely analytical. Findings – The paper finds little justification for the continued imposition of the Board Neutrality Rule. Originality/value – The paper adds to the growing body of research literature which has analysed the role played by the Board Neutrality Rule during takeovers.

Publication Information

Output type

Research Output: Contribution to journal Article Peer-review

Original language

English

Pages from-to (Number of pages)

Pages 235-264

Journal (Volume, Issue Number)

International Journal of Law and Management (Volume 57)

Publication milestones

  • Published - 01/01/2015

Publication status

Published - 01/01/2015

ISSN

1754-243X

External Publication IDs

  • handle.net: 10547/579138
  • Scopus: 84931041748

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