Greene Committee
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The ''Report of the Company Law Amendment Committee'' (1926) Cmnd 2657, known as the Report of the Greene Committee was a
UK company law The United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary lega ...
report led by Wilfred Greene M.R. that led to the
Companies Act 1929 The Companies Act 1929 (19 & 20 Geo.5 c.23) was an Act of the Parliament of the United Kingdom, which regulated UK company law. Its descendant is the Companies Act 2006. Provisions Forms made under the 1929 Act introduced the term "Companies Cou ...
.


Overview and excerpts

*‘Public attention was directed by the decision in the City Equitable Case to the common article which exempts directors from liability for loss except when it is due to their wilful neglect or default… Another form of article which has become common in recent years goes even farther and exempts directors in every case except that of actual dishonesty.’ *‘We consider that shareholders representing a substantial portion of the voting power should have the right to requisition a certified statement of the remuneration, etc., paid to directors, including managing directors.’ The Report recommended increasing disclosure through common standards on accounts.


See also

*
Companies Act 1929 The Companies Act 1929 (19 & 20 Geo.5 c.23) was an Act of the Parliament of the United Kingdom, which regulated UK company law. Its descendant is the Companies Act 2006. Provisions Forms made under the 1929 Act introduced the term "Companies Cou ...
*
UK company law The United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary lega ...


Notes

{{reflist, 2 United Kingdom company law 1926 in British law Reports of the United Kingdom government