The Companies Act, 1980, makes basic and important changes in the corporate law of Great Britain. It implements European Economic Community Second Directive on Company Law, and also extends regulations on director conflicts of interest, introduces prohibitions on insider dealing, requires directors to take employee interest into account, and facilitates minority shareholder access to the courts.
M. Freeman Durham,
The Companies Act, 1980: Its Effects on British Corporate Law,
Nw. J. Int'l L. & Bus.