The second edition of this popular book on company law combines theoretical and jurisprudential issues with an up-to-date account of legal developments across the field of company law. The author demonstrates that the needs of shareholders in companies which have dispersed ownership of shares cannot be properly understood without an analysis of the law relating to securities regulation and capital markets. Company Law is arranged in six sections: Foundation and Theory; The Constitution of the Company; Corporate Governance; Corporate Finance Law; Securities Regulation; Insolvency and Liquidation. Strong coverage of theory and policy is provided, together with analysis of core legal problems at an appropriate depth for modular courses. The role of self-regulation is examined in some depth and discussion of law reform in the shape of the DTI's Company Law Review is included. Whilst primarily intended for undergraduate and graduate students of law, the book will also be of interest to students in related fields and to practitioners.