#4699. Articles of Association in UK Private Companies: An Empirical Leximetric Study

August 2026publication date
Proposal available till 23-05-2025
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Journal’s subject area:
Business, Management and Accounting (miscellaneous);
Business and International Management;
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Abstract:
The final provisions of the UK’s Companies Act 20XX have now been in force for 10 years. Part of this regime included a new form of model constitution, known as the Model Articles. This article uses empirical data to establish whether the Model Articles have been used in practice or not. It undertakes a leximetric methodology to code 12 variables across the constitutions, with a 0 being coded for convergence to the default regime and 1 being coded for divergence from the default regime. The results show that the majority of companies do not deviate from the default regime, other than in one respect: most allowed for the ability to appoint alternate directors. More importantly, however, the dataset shows that few of the sample companies amended their articles of association following incorporation, and that there is a strong correlation between certain coding patterns and the presenter, or formation agent, used to incorporate the company.
Keywords:
Company law; Corporate law; Empirical methodology; Leximetrics

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