Critically assess theextent to which company law protects and strikes a balance between the interests of various stakeholders.

Task:In ‘The Modern Corporation and Private Property’ (1932) Berle and Means argued that shareholders of large corporations had become too powerless and passive to protect themselves as a result of theseparation between ownership and control. They therefore agreed on the need for the enactment of legislation to protect the interests of all stakeholders from ‘managerial abuse’. Critically assess theextent to which company law protects and strikes a balance between the interests of various stakeholders.