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In this scenario, the two parties, Ben and Angela, have entered into a contract with clear terms which both of them have accepted. An intervening event has then occurred which has rendered it difficult, if not impossible, for Ben to complete his side of the contract. By claiming that Ben is in breach of the contract, Angela has sought to set it aside. (more…)

The large size of the 2003 Code represents a positive starting point for any analysis into the likelihood for improving corporate governance. There are 43 Principles and 48 Provisions and this starkly contrasts with the meagre combination of 17 Principles and 47 Provisions within the 1998 Code. Further to this, schedule B also lists the seven provisions that provide guidance on the content requirements of Remuneration Reports (more…)