Directors of Australian companies are subject to a duty to prevent their company trading whilst it is insolvent. The duty is controversial. Over a period of at least ten years, a series of reforms have been proposed, leading up to the introduction, in 2017, of a safe harbour for directors where...

The Varieties of Capitalism approach begins from the premise that economic and business systems are organized in different ways in different countries. These systems include liberal market economies and co-ordinated market economies. The literature comparing types or 'varieties' of capitalist...

Intro -- Incentivising Employees -- Contents -- Preface -- Introduction -- Notes -- 1 Key legal and policy issues -- Rationales for employee share ownership -- Improving enterprise performance -- Industrial relations objectives -- Contributing to national savings -- Promoting innovation --...

Intro -- Title -- Copyright -- Contents -- Preface -- Contributors -- 1. Varieties of Capitalism, Corporate Governance and Employment Systems in Australia -- Part I. Theoretical Approaches -- 2. Varieties of Capitalism, Corporate Governance and Employment Relations Under Globalisation -- 3....

The authors use leximetric analysis, which involves the numerical coding of the strength of legal protections, to document changes in the level of investor (shareholder and creditor) protection and worker protection in Australia for the period 1970-2010. For worker protection, the level of...

An important factor that is critical to the quality of financial advice is enforcement of the laws relevant to financial advisers. To what degree are these laws enforced and, where they are enforced, what types of enforcement action does Australia's corporate and securities regulator - the...

The provision of ‘fair, timely and effective’ mechanisms for the resolution of consumer complaints is ‘a central part’ of the regulatory framework for financial services including general insurance in Australia. Insurers are required to have in place internal dispute resolution...

A statutory derivative action has been proposed for the United Kingdom and is contained in Part 11 of the Company Law Reform Bill. Australia has had a statutory derivative action for approximately 6 years. This paper outlines the results of the first empirical study of the Australian statutory...

Since at least the 1970s, employee share ownership has enjoyed bipartisan political support in Australia. Despite broad and sustained public policy interest in employee share ownership, however, Australian literature on the subject remains scarce. There has also been very little in the way of...

This new book, published by Melbourne University Publishing, examines employee share ownership in Australia. Employee share ownership has the potential to generate a culture of enterprise and innovation, and build national wealth and savings. This book is the culmination of a multi-year research...