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Directors’ Duties in a Changing World: Lessons from the Cadbury Plc Takeover

2010; Volume: 7; Issue: Issue 5 Linguagem: Inglês

10.54648/eucl2010039

1875-6530

Blánaid Clarke,

Corporate Governance and Law

The Cadbury takeover by Kraft Foods Inc. early this year has fuelled a fierce debate in the United Kingdom about the need to introduce a long-term sustainability test into takeover regulation, against the backdrop of restated Directors’ duties. This article considers the manner in which these duties were applied in the context of the said takeover and their consequences for stakeholders.