ABSTRACT
COMPANY reporting is highly biased in favour of the shareholder. The Companies Act 1948 is largely responsible for this state of affairs; under that Act, for example, members of a company have the right to receive a copy of every balance sheet and a copy of the auditors' report. Debenture-holders must also be provided with a copy of the accounts, but creditors and employees (who have a very special relationship with the company) do not have this right.
