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Simon Graham

Senior manager
Simon Graham

After nearly 25 years at the firm, including time as a corporate partner, I now specialise in corporate governance. In 2010-11 I am on sabbatical, working on a directors' duties project. This will address, among many other things, the impact of the Companies Act 2006 changes.

Tel: +44 (0)121 685 2720
Email: simon_graham@wragge.com

Services: Corporate

Best brains in...

London Stock Exchange and city code regulation. International and UK governance.

Highlight of your career so far?

Applying my legal and MBA skills to acting for the firm in relation to several merger and other strategic proposals. My client was the firm's management committee. These were transformational projects for the firm and I was proud to be involved in them.

Most challenging job you've ever done?

Probably dealing with a hostile bid for a client, which involved sustained effort over half a year. The company that was targeting our client subsequently became a client. Or completing over 20 acquisitions for the same insurance company client to meet ambitious growth targets.

What about outside the UK?

Taking instructions in London and Tel Aviv with a view to floating an Israeli company, XTL Biopharmaceuticals, on the London Stock Exchange. In a very difficult market we raised $50 million for XTL (including an over-allotment option) in a transaction valuing the company at $230 million.

What's your definition of going the extra mile ....... And when have you done it?

In 2004 we were approached by the corporate governance committee of the Commerce & Industry Group to assist its members in the new, harsher corporate governance environment. 'Reconciling the Irreconcilable?', the first ever such guidelines in the UK, was published in 2005. The Commerce & Industry Group is an unincorporated association formed by in-house solicitors for in-house solicitors, recognised by the Law Society.

Best example of a creative legal solution?

In the 1990's we were engaged by an association of independent retail pharmacists to advise on a significant restructuring. This resulted in its establishing an industrial and provident society. A decade later we took the same organisation, then facing a need for fresh capital, and converted it into a public company. It was later sold in a transaction subject to the city code.

When have you ever given a client a real competitive edge? Or how do you get under the skin of a client business?

In the mid 1990's I took the decision to attend Cranfield to obtain an MBA to better understand business, and to network with future - now current - business leaders.

What's your single greatest contribution to Wragge & Co's corporate responsibility?

In the same month I made my first parachute jump and glider flight for charity (neither activity has yet been repeated...)

What's been written or said about you that you're most proud of?

In the same month (July 2004): Digby Jones was quoted in the Observer as saying that the guide to the combined code on corporate governance which I had co-produced with the CBI had proved extraordinarily popular. 'We have never had such a response', he said; and Tim Jennings of IT analyst firm, Butler Group, reported that 'compliance IQ', an online self-assessment compliance tool we co-produced with Cognos 'clearly demonstrates the need to view compliance from a business perspective'. He added, 'I fully expect this self-assessment tool to be readily embraced by a market eager to start work on rationalising the impact of looming compliance initiatives, without necessitating expensive consulting fees'.

Alerts

10.03.10

Former directors who set up in competition: the first post-Companies Act 2006 case comes to light

A transcript has just been released of a company law case decided last year: Thermascan Limited v Norman.

05.01.09

Directors' duties and shareholder circulars - and why (a little) legalese may be no bad thing

There was no shortage of grievances to discuss when HBOS shareholders met in December to consider the takeover of their bank by Lloyds TSB.

08.12.08

Northern Rock - and the prospect of personal liability for directors of troubled companies

The re-constituted board of Northern Rock has announced that no legal action is to be taken, by the Rock, against its former directors.

06.09.07

The Companies Act 2006: Directors' duties (and first commencement order)

The Companies Bill (formerly the Company Law Reform Bill) received Royal Assent on 8 November 2006 and is now the Companies Act 2006. The Act is the largest piece of legislation ever passed by Parliament.

09.01.07

The Companies Act 2006: Directors' duties (and first commencement order)

The Companies Bill (formerly the Company Law Reform Bill) received Royal Assent on 8 November 2006 and is now the Companies Act 2006. The Act is the largest piece of legislation ever passed by Parliament.
 

Press releases

 

Published articles

26.07.10

Corporate governance in the UK and US

How different are our systems of corporate governance to those in America? And what happens when the two come into contact? Simon Graham investigates

05.04.10

Company law: fraud

Simon Graham, consultant in Wragge & Co's Coporate, Banking & Finance group, examines several spectacular frauds which shed light on the responsibilities and liabilities of non-executive directors, auditors and solicitors.

03.09.09

Directors' duties: Current interpretation and future reforms

Simon Graham of Wragge & Co LLP reports on the steadily amassing case law governing the newly-codified general duties of directors, and discusses one seemingly unavoidable legacy of the financial crisis: more regulation in the boardroom.

 

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