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Directors duty of care and the business judgment rule
Record ID:
20092
Format:
LIJ Article
Year:
1998
Author:
Lyon, Greg ;
Source:
LIJ (1998) 72 No 10
Date_of_entry:
24/12/1998
Legislation:
Corporate Law Economic Reform Act 1998 (CLERP Act)
Notes:
Company directors are under pressure to exercise business judgment in order to maximise returns for shareholders and to promote the profitability of the company. ; The Corporate Law Economic Reform Program (CLERP) has proposed the introduction of a safe harbour rule for company directors who must exercise business judgment. The article questions whether such a rule is desirable. ; The Cooney Report - Senate inquiry into the social and fiduciary obligations of company directors.
Section:
Articles
Cases:
AWA v Daniels ; Daniels v Anderson ;
Month:
October


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