Corporate Lawyers and Corporate Governance

Corporate Lawyers and Corporate Governance

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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.show more

Product details

  • Electronic book text | 384 pages
  • CAMBRIDGE UNIVERSITY PRESS
  • Cambridge University Press (Virtual Publishing)
  • Cambridge, United Kingdom
  • English
  • 1139089048
  • 9781139089043

Table of contents

1. Introduction; 2. The international perspective; 3. The roles of the corporate lawyer; 4. Identifying the corporate client; 5. The role of the corporate lawyer in shareholder litigation; 6. The corporate lawyer as director; 7. The regulation of the corporate lawyer; 8. The arguments against reform; 9. Reforming the role of the corporate lawyer; 10. The reform of the legal profession and corporate lawyers; 11. Conclusion.show more

About Joan Loughrey

Joan Loughrey is currently the Director of the Centre for Business Law and Practice at the School of Law, University of Leeds, where her research interests include corporate law, corporate governance, ethics and the legal profession.show more

Review quote

'... 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, 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, Journal of Business Lawshow more