Directors' Duties and Good Corporate Governance | LawCPD.com.au
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Directors' Duties and Good Corporate Governance

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Directors' Duties and Good Corporate Governance

Joshua Theunissen is a Sydney based solicitor with major commercial transactional experience primarily in Australia over some fifteen years.

Course Summary

In the current global economy, it is essential for directors and their legal advisers to have a comprehensive understanding of directors’ duties and principles of good corporate governance..

Course Details

Directors are the focal point for the governance of corporations. As all decision making derives from them, directors play a fundamental role in maintaining the integrity of and ensuring confidence in financial markets. In times of economic downturn and uncertainty, focus often shifts to apportion blame and responsibility for corporate failures.

In the post-GFC climate, the Australian Securities and Investment Commission (ASIC) has probed failures and has enforced the law in this area by prosecuting cases involving directors who failed to meet their duties.  In this environment, it is essential for directors and their legal advisers to have a comprehensive understanding of directors’ duties and principles of good corporate governance.

This course discusses the duties and obligations of directors as established by statute, common law and equity.  The duties are explored in depth through significant and recent case law, including recent proceedings involving James Hardie, Centro, and Fortescue Metals Group.

The course also examines the updated principles of corporate governance as recommended by the Australian Securities Exchange (ASX).

 

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