http://www.thelawyer.com/cgi-bin/item.cgi?id=121131&d=122&h=24&f=46
Richard Matthews and John Heaps
"Company directors will be left open to increased litigation when the Company Law Reform Bill takes effect. There is compelling evidence that, when the Company Law Reform Bill comes into force at the end of this year, the risks facing UK company directors will be at an all-time high. The bill introduces a statutory basis for claims by shareholders against directors for negligence, default, breach of duty or breach of trust. This will dilute the principle of 'majority rule', which is at the heart of English company law."
