On Kit Tam
The latest Part of the Company and Securities Law Journal includes three interesting articles. The first is by Emma Armson and examines the takeover policy considerations arising where a rights issue involves a high ratio of shares being issued compared to the number of existing shares. The second comes from James Paterson and outlines the parties to whom the AFL Ltd’s board of commissioners owe legal obligations under equitable, fiduciary and statutory directors’ duties, and considers those duties in light of the AFL Ltd’s objectives stated in its constituent documents. The final article is by Helen Wei Hu and On Kit Tam and aims to explore whether the recently developed independent director systems in China and India could be characterised as convergent or divergent.