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- W3121633668 abstract "One feature of the recent turbulent economic times has been an ongoing debate about standards of corporate governance and what role regulation can, and should, have in the economy. Some have called for greater regulation of corporate directors and managers, whist others have complained of over-regulation. Although much of the discussion has centred on the structuring of executive and board remuneration, related party transactions and the structure and composition of corporate boards, a broader issue relates to the appropriateness of current levels of liability that directors and company officers face. Finding the optimal level of liability to be imposed on company directors and officers has been flagged as a major issue by all stakeholders, including politicians, enforcement officers, law reform agencies and business lobbyists. Much of this concern is directed towards the complex overlapping state and federal laws that operate to impose personal liability on company directors and managers for a wide variety of statutory contraventions. However, the question of when, and how, directors and officers should bear responsibility for contraventions of the law during the course of their stewardship remains pertinent. Indeed, a recent review by the Commonwealth Treasury has been investigating this very question. That review has raised the possibility of extending existing defences for directors and officers or introducing new general defences." @default.
- W3121633668 created "2021-02-01" @default.
- W3121633668 creator A5066710908 @default.
- W3121633668 date "2009-01-01" @default.
- W3121633668 modified "2023-09-26" @default.
- W3121633668 title "RELIEF FROM LIABILITY FOR COMPANY DIRECTORS: RECENT DEVELOPMENTS AND THEIR IMPLICATIONS" @default.
- W3121633668 hasPublicationYear "2009" @default.
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