The UK Experience in Perspective
Corporations, Globalisation and the Law series
I am grateful for the opportunity to write this monograph as it enables me to tie together diverse streams of consciousness acquired over the past 30 years of teaching corporate law. When I entered academe as a lecturer in 1978, my focus on Company Law (as the subject was then designated) was essentially parochial. This was no fault of my teachers at the Faculty of Law at the University of Birmingham, who included the visionary Professor Robert Pennington, a scholar all too well aware of how membership of the EEC would change the shape of our national corporate law model. The problem was that for less perceptive individuals like myself, at this stage of evolution in the subject, even the EEC input appeared fairly peripheral. My belated appreciation of a much wider perspective on corporate law came about through a variety of factors. First and foremost, from the mid 1980s I became involved in teaching LL.M. candidates at the University of Manchester on a postgraduate course entitled Corporations in International Business Law. This gave me the opportunity (greatly aided by the insights of generations of students from a range of overseas jurisdictions) to reflect upon the comparative nature of the subject. Why do different jurisdictions adhere to certain basic corporate principles, whilst adopting a diversity of approach in other areas of Company Law? Are there universal core principles of Company Law? Is there an ideal model of Company Law to be located on planet Earth? Will globalisation lead to a...