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  3. Corporate Lawyers and Corporate Governance
  • Cited by 11
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    • Publisher:
      Cambridge University Press
      Publication date:
      07 October 2011
      02 June 2011
      ISBN:
      9780511806360
      9780521762557
      DOI:
      https://doi.org/10.1017/CBO9780511806360
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.72kg, 384 Pages
      Dimensions:
      Weight & Pages:
      • Subjects:
      Corporate Law, Law, Private Law
      Series:
      International Corporate Law and Financial Market Regulation
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    Subjects:
    Corporate Law, Law, Private Law
    Series:
    International Corporate Law and Financial Market Regulation
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    Book description

    This assessment of the corporate governance role of corporate lawyers in the UK analyses the extent to which lawyers can and should act as gatekeepers, counsellors and reputational intermediaries. Focusing on external and in-house lawyers' roles in both dispersed share-ownership and owner-managed companies, Joan Loughrey highlights the conflicts of interest that are endemic in corporate representation and examines how lawyers should respond when corporate agents provide instructions contrary to the company client's interests. She also considers the legitimacy of 'creative compliance', the ethical arguments for and against lawyers prioritising the public interest over their clients' interests, and their exposure to liability if they fail to perform a corporate governance role. Finally, she considers whether the reforms to the legal profession will promote the lawyer's corporate governance role and advances suggestions for reform.

    Reviews

    ‘… crafted meticulously. [Loughrey's] subject is both important and controversial yet her treatment of it is impressively restrained and devoid of polemics … Strongly recommended.’

    Andrew Chambers Source: Corporate Governance: An International Review

    '… this is a thoroughly enjoyable and stimulating text, addressing a topic of huge importance that deserves a close reading by both practitioners and legal educators.'

    Christopher Riley Source: Journal of Business Law

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