Pt. A. Introduction -- pt. B. Fraudulent trading -- pt. C. Wrongful trading -- pt. D. A duty to consider the interests of creditors -- pt. E. Theoretical analysis.
The book explains and assesses the nature of enlightened shareholder value principle (ESV) and its contribution to corporate governance. Andrew Keay traces the development of the principle of ESV and examines it in the context of existing principles which have influenced corporate governance. The book analyses the UK legislation that delivers the principle in corporate law and ESV is compared to the constituency statutes that apply in the US in order to determine can whether anything can be learned from the American experience with these statutes. Finally the book considers whether ESV will mean a less short-termist approach by financial institutions and non-financial institutions after the global financial crisis.
Anna Keay brings fresh insight into the daily life of Charles II and identifies how he cultivated a powerful reputation of both himself and monarchy in Britain.
‘There is no one-volume book in print that carries so much valuable information on London and its history’ Illustrated London News The London Encyclopaedia is the most comprehensive book on London ever published. In its first new edition in over ten years, completely revised and updated, it comprises some 6,000 entries, organised alphabetically, cross-referenced and supported by two large indexes – one for the 10,000 people mentioned in the text and one general – and is illustrated with over 500 drawings, prints and photographs. Everything of relevance to the history, culture, commerce and government of the capital is documented in this phenomenal book. From the very first settlements through to the skyline of today, The London Encyclopaedia comprehends all that is London. ‘Written in very accessible prose with a range of memorable quotations and affectionate jokes...a monumental achievement written with real love’ Financial Times
The absorbing tale of how this legendary rogue became the champion of parliamentary monarchy and changed the course of English history. At first light on July 6, 1685, the last battle ever fought on English soil was almost over. On one side of the watery pasture at Sedgemoor was the dashing thirty-six-year-old Duke of Monmouth, the charismatic son of Charles II, adored by the people. A reformer, a romantic, and a Protestant, he was fighting the army he had once commanded, in opposition to his uncle, King James II. Yet even before he launched his attack, Monmouth knew he would die. Born in the backstreets of Rotterdam in the year his grandfather Charles I was executed, Monmouth was the child of a turbulent age. His mother, the first of Charles II's famous liaisons, played courtesan to the band of raw and restless young royalists forced abroad by the changing political current. Conceived during a revolution and born into a republic, Monmouth, by the time he was twelve, was the sensation of the most licentious and libertine court in Europe. Adored by the king and drenched in honors, he became the greatest rake and reprobate of the age. On his path to becoming "the last royal rebel," Monmouth consorted with a spectacular list of contemporaries: Louis XIV was his mentor, William of Orange his confidant, Nell Gwyn his friend, the future Duke of Marlborough his pupil, D'Artagnan his lieutenant, John Dryden his censor, and John Locke his comrade. Anna Keay expertly chronicles Monmouth's life and offers splendid insight into this crucial and dramatic period in English history.
By the close of our century, the Lagrange Archipelago is clinically free of mental illness. When three notable colonists succumb to madness and death, the established order is threatened. The International Space Agency sends Inspector Charles Franklin Price and Dr Sybil McCreery to determine the precise origin and meaning of these events. At every turn, they are hindered by the enigmatic leader of the Lagrange Platform, Ching-shan, and his Court. Why? They cannot fathom. Only when they explore the dark worlds of physics and psyche do they find the ultimate truth of the Lagrange system's existence--where experiments into matter-antimatter conversion are not just the launching place for mankind into interstellar space, but the terminus for his terrifying encounter with something thoroughly alien to his spirit and species.
A penetrating, mesmerizing biography of a scientific icon "Absolutely fascinating . . . Davidson has done a remarkable job."-Sir Arthur C. Clarke "Engaging . . . accessible, carefully documented . . . sophisticated."-Dr. David Hollinger for The New York Times Book Review "Entertaining . . . Davidson treats [the] nuances of Sagan's complex life with understanding and sympathy."-The Christian Science Monitor "Excellent . . . Davidson acts as a keen critic to Sagan's works and their vast uncertainties."-Scientific American "A fascinating book about an extraordinary man."-Johnny Carson "Davidson, an award-winning science writer, has written an absorbing portrait of this Pied Piper of planetary science. Davidson thoroughly explores Sagan's science, wrestles with his politics, and plumbs his personal passions with a telling instinct for the revealing underside of a life lived so publicly."-Los Angeles Times Carl Sagan was one of the most celebrated scientists of this century—the handsome and alluring visionary who inspired a generation to look to the heavens and beyond. His life was both an intellectual feast and an emotional rollercoaster. Based on interviews with Sagan's family and friends, including his widow, Ann Druyan; his first wife, acclaimed scientist Lynn Margulis; and his three sons, as well as exclusive access to many personal papers, this highly acclaimed life story offers remarkable insight into one of the most influential, provocative, and beloved figures of our time—a complex, contradictory prophet of the Space Age.
Wordsworth's romantic critique of industrial life and society was backward-looking. His 'Golden Age ideal' of pastoral life and rural relationships falls within the scope of English 'populism' as found among the middle ranks of small independent producers and their idealogues. Furthermore his rural education and up-bringing in the remote North of England explain his long-term shift from radical and whig reformer to tory placeman in the years 1789 to 1832 as well as his relative demise as a poet.
Dispersed across India, Pakistan, Nepal, Bangladesh, and Sri Lanka, Midnight's Descendants-the generations born since the 1947 "midnight hour partition" of British India-are the world's fastest growing population. This vast region and its peoples wield an enormous influence over global economics and geopolitics, yet their impact is too often simplified by accounts that focus solely on one nation and ignore the intricate web of affiliations that shape relations among British India's successor states. Now, in Midnight Descendants, celebrated historian John Keay presents the first comprehensive history of this complex and interconnected region, delving deep into the events that have shaped its past and continue to guide its future. The 1947 partition was devastating to the larger of the newly created states, and it continues to haunt them to this day. Joined by their common origin and the fear of further partition, the five key nations of South Asia have progressed in tandem to a large degree. These countries have been forced to grapple with common challenges, from undeveloped economies and fractured societies to foreign interventions and the fraught legacy of imperialism, leaving them irrevocably intertwined. Combining authoritative historical analysis with vivid reportage, Keay masterfully charts South Asia's winding path toward modernization and democratization over the past sixty years. Along the way, he unravels the volatile India-Pakistan relationship; the rise of religious fundamentalism; the wars that raged in Kashmir and Sri Lanka; and the fortunes of millions of South Asia migrants dispersed throughout the world, creating a full and nuanced understanding of this dynamic region. Expansive and dramatic, Midnight's Descendants is a sweeping narrative of South Asia's recent history, from the aftermath of the 1947 partition to the region's present-day efforts to transcend its turbulent past and assume its rightful role in global politics.
Critically analysing the substantive law of insolvency in the EU countries as a whole, this book carries out horizontal cross-cutting analysis of the data gathered from a study of national insolvency laws. It selects particular areas for detailed discussion and considers the pros and cons of particular legislative solutions.
Excellent ... packed with information and interesting anecdotes."--The Washington Post A groundbreaking new look at Himalaya and how climate change is re-casting one of the world's most unique geophysical, historical, environmental, and social regions. More rugged and elevated than any other zone on earth, Himalaya embraces all of Tibet, plus six of the world's eight major mountain ranges and nearly all its highest peaks. It contains around 50,000 glaciers and the most extensive permafrost outside the polar region. 35% of the global population depends on Himalaya's freshwater for crop-irrigation, protein, and, increasingly, hydro-power. Over an area nearly as big as Europe, the population is scattered, often nomadic and always sparse. Many languages are spoken, some are written, and few are related. Religious allegiances are equally diverse. The region is also politically fragmented, its borders belonging to multiple nations with no unity in how to address the risks posed by Himalaya's environment, including a volatile, near-tropical latitude in which temperatures climb from sub-zero at night to 80°F by day. Himalaya has drawn an illustrious succession of admirers, from explorers, surveyors, and sportsmen, to botanists and zoologists, ethnologists and geologists, missionaries and mountaineers. It now sits seismically unstable, as tectonic plates continue to shift and the region remains gridlocked in a global debate surrounding climate change. Himalaya is historian John Keay's striking case for this spectacular but endangered corner of the planet as one if its most essential wonders. Without an other-worldly ethos and respect for its confounding, utterly fascinating features, John argues, Himalaya will soon cease to exist.
This is legal scholarship of the finest kind, concerned with an issue of supreme political, economic and social importance. Professor Keay takes the debate on the object of the modern public corporation by the scruff of its neck and skilfully navigates between the Scylla and Charybdis of the shareholder/stakeholder debate. This book, characterised by admirable analytical clarity and a huge amount of research, faithfully summarises the debate hitherto, and propels us to the next stage with a powerful argument, which challenges, effectively, both the stakeholder and shareholder theories.' - Harry Rajak, University of Sussex School of Law, UK
The book provides an analytical exposition of the law concerning directors’ liability for the losses sustained by their companies’ creditors, when the directors’ companies are in financial distress or become insolvent. It is a detailed one-stop resource for obtaining a good understanding of the law which has developed from legislation and case law. In particular, there is a detailed consideration of what needs to be proved, what defences there are, and what might be the issues of concern for all parties. A doctrinal method is adopted and there is extensive analysis of the relevant legislation and case law. Rather than merely referring to cases to support propositions, the discussion considers many of the cases in context and in depth and their relevance to the aim of the book. The book also endeavours to provide views, in a practical way, on aspects of the law and it identifies problems and how they may be addressed. Of interest to legal practitioners and insolvency practitioners alike, in addition the book will be useful to directors, government officials and academics.
This is legal scholarship of the finest kind, concerned with an issue of supreme political, economic and social importance. Professor Keay takes the debate on the object of the modern public corporation by the scruff of its neck and skilfully navigates between the Scylla and Charybdis of the shareholder/stakeholder debate. This book, characterised by admirable analytical clarity and a huge amount of research, faithfully summarises the debate hitherto, and propels us to the next stage with a powerful argument, which challenges, effectively, both the stakeholder and shareholder theories.' – Harry Rajak, University of Sussex School of Law, UK The Corporate Objective addresses a question that has been subject to much debate: what should be the objective of public corporations? It examines the two dominant theories that address this issue, the shareholder primacy and stakeholder theories, and finds that both have serious shortcomings. The book goes on to develop a new theory, called the Entity Maximisation and Sustainability Model. Under this model, directors are to endeavour to increase the overall long-run market value of the corporation as an entity. At the same time as maximising wealth, directors have to ensure that the corporation survives and is able to stay afloat and pursue the development of the corporation's position. Andrew Keay seeks to explain and justify the model and discusses how the model is enforced, how investors fit into the model, how directors are to act and how profits are to be allocated. Analysing in depth the existing theories which seek to explain the corporate objective, this book will appeal to academics in corporate law and corporate governance as well as law, finance, business ethics, organisational behaviour, management, economics, accounting and sociology. Postgraduate students in corporate law and corporate governance, directors, and government regulators will also find much to interest them in this study.
Critically analysing the substantive law of insolvency in the EU countries as a whole, this book carries out horizontal cross-cutting analysis of the data gathered from a study of national insolvency laws. It selects particular areas for detailed discussion and considers the pros and cons of particular legislative solutions.
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