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The challenge of corporate law enforcement: future directions for corporations law in Australia

Tomasic, Roman (2006) The challenge of corporate law enforcement: future directions for corporations law in Australia. University of Western Sydney Law Review, 10. pp. 1-24. ISSN 1446-9294

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Much progress has been achieved in modernising Australian corporations law statutes over the last half century. However, much less has been achieved in enforcing or implementing corporations laws. Whilst Australia clearly does have its distinctive corporate law features that distinguish its governance arrangements from the usual Anglo-American models, it also has a large number of common features that it shares with other developed countries. Probably the most important of these are the background business culture, ethical values and legal institutions against which corporate laws operate; these are the most important ingredients in ensuring the effectiveness and enforcement of such laws. With increasing globalisation and the contraction of the role of the state in economic markets, the nature of modernity and the role of law have changed significantly since the enactment of the first broadly based company laws of the mid-nineteenth century.

Item Type: Article
Uncontrolled Keywords: ResPubID10530, Australian corporations law statutes, corporations law enforcement, role of state in economic markets
Subjects: FOR Classification > 1801 Law
Faculty/School/Research Centre/Department > School of Law
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Depositing User: VUIR
Date Deposited: 02 May 2012 06:30
Last Modified: 02 May 2012 06:30
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