Summary

The legal framework for corporate governance consists of company law, securities law and regulation, and stock exchange listing rules. The article looks specifically at the securities laws and regulations of the US, with reference to UK law, and occasional reference to European law, in the footnotes. While company law defines the issues that shareholders may or must decide upon at annual general meetings, for listed companies the applicable securities laws and regulations governing proxy solicitation have a significant practical impact on the extent to which the vast majority of ...