Show Summary Details
Introduction to Company Law

Introduction to Company Law (3rd edn)

Paul Davies
Page of

Printed from Oxford Law Trove. Under the terms of the licence agreement, an individual user may print out a single article for personal use (for details see Privacy Policy and Legal Notice).

date: 01 December 2023

p. 332. The Boardlocked

p. 332. The Boardlocked

  • Paul DaviesPaul DaviesSenior research fellow, Harris Manchester College, Oxford


This chapter deals with the board. It analyses the rationales, within different types of company, for the division of powers between (a) the shareholders and the board, and (b) the board and the senior management of the company. The second part of the chapter shows how the rules on the composition of the board (mainly to be found in the Corporate Governance Code) and the directors’ statutory core duty of loyalty fashion the accountability of the board. That accountability is primarily to the shareholders, but non-shareholder interests are recognised, in different ways, in both the Code and the statutory duty.

You do not currently have access to this chapter

Sign in

Please sign in to access the full content.


Access to the full content requires a subscription