- Title
- The historical development of corporate law in Australia: Politics and possibilities
- Creator
- Watson, Katie
- Relation
- Australian Journal of Corporate Law Vol. 32, p. 122-141
- Relation
- https://advance.lexis.com/document/?pdmfid=1201008&crid=462e2a42-9809-4943-9e8c-5ac5dbafb935&pddocfullpath=%2Fshared%2Fdocument%2Fanalytical-materials-au%2Furn%3AcontentItem%3A5PHM-6891-FGJR-20N1-00000-00&pdcontentcomponentid=267866&pdteaserkey=sr0&pdicsfeatureid=1517127&pditab=allpods&ecomp=kctpk&earg=sr0&prid=be73bd7c-a614-4dfa-8a99-b6492d3034c8
- Publisher
- Lexis Nexis
- Resource Type
- journal article
- Date
- 2017
- Description
- Assumptions about the underlying ideological purpose of corporate law are often used to oppose calls for reform, but these assumptions are not consistent with the historical record of corporate law development. This article considers the circumstances and motivations surrounding the implementation of corporate law in 19 th century Australia. The nature of the political contestation of corporate law is demonstrated using a variety of primary sources contemporary to the developments being considered. An analysis of these primary sources shows that modern corporate law is the result of a series of compromises affected by a variety of factors, including politics, economic pressures and even interactions of personality between key decision-makers. This historical analysis undermines arguments based on a single purpose theory of corporate law, especially where such arguments seek to preclude consideration of social concerns. Implications of this analysis, which may be applied to a wide variety of concerns, are addressed here through the example of debates about women on corporate boards.
- Subject
- corporate law; Australia; politics; development
- Identifier
- http://hdl.handle.net/1959.13/1481748
- Identifier
- uon:50792
- Identifier
- ISSN:1037-4124
- Language
- eng
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