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The Company Share

Legal Regulation and Public Policy

David Milman

In this accessible and insightful book David Milman examines the phenomenon of the company share in an holistic way, tracing the origins of the share and describing the diversity present within the family of shares. Using a comparative approach, key chapters consider the circumstances under which shares are acquired, the property law perspective relevant to shares and the rights and obligations of those who hold shares. The book concludes with some speculation on how the share might evolve in the future in the light of technological change and the development of other capital raising investments.
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Chapter 7: Overview and the future of the share

David Milman

Extract

This concluding chapter ties up a number of pervasive themes. It shows how the position of shareholders and the regulation of shares has changed over the past 150 years. For example, the march of dematerialisation is highlighted. The implications of new technology are investigated. The problem of shareholder apathy is addressed. Policy issues such as the treatment of stakeholders and state involvement in share ownership are considered. Looking to the future, the potential role that shares may play is looked into. The potential consequences of Brexit are noted. The untapped potential of the share is considered. The chapter concludes by noting that limited liability is firmly entrenched but that the share must evolve if it is to survive.

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