This chapter will consider and add to the research on corporate governance in New Zealand listed companies. There is little evidence of investigation over the past ten years of the issue of the levels of common ownership and control in large listed companies in New Zealand. We will use...

This paper argues for an entity-based understanding of the modern company, recognising capital was severed from the holders of shares with the advent of limited liability. This division was instrumental in the development of the modern company and was implicitly recognised in Salomon. The modern...

One of the major characteristics of the corporate form is and always has been the separation of ownership (in shareholders) from control (in boards of directors). The default position in most jurisdictions is that the statute gives powers to the board of directors but the position remains less...