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Australia's statutory business judgment rule: a reversal of a rising standard in corporate governance?
Record ID:
26618
Format:
LIJ Article
Year:
2001
Pagination:
60
Author:
Keller, Ben ;
Subject:
Corporations Law
;
Company Directors
;
Directors' Duties
;
Business Judgment Rules
;
Corporate Governance
;
Source:
LIJ (2001) 75 No 1
Date_of_entry:
06/02/2001
Legislation:
Trade Practices Act 1974 (Cth), s 52
Notes:
A key rationale of the CLERP Act 1999 is to increase certainty in respect to liability of company directors and encourage corporate innovation through the introduction of a business judgment rule (BJR). Overseas experience, however, suggests a BJR may only serve to lower the standard of care required from corporate officers
Section:
Articles
Cases:
Turquand v Marshall ; Re Denham and Co ; PineVale Investments v McDonnell and East Ltd ;
Daniels v Anderson
; AWA Ltd v Daniels ; State Bank of South Australia v Marcus Clarke ; Re City Equitable Insurance ;
Month:
February
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