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Directors’ duties - The basics paper

Published on 11 Jun 09 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

This paper covers:

  • why directors' duties?
  • who is a director?
  • the position of officers
  • to whom the duty is owed
  • the sources of the duties
  • why duties?
  • the duty of good faith
  • other ‘fiduciary' duties
  • the duty of care and diligence
  • additional duties
  • what happens when it goes wrong?

Author profile:

Justin Harris
Justin is a partner of commercial law firm Cochrane Lishman. Since qualifying as a solicitor in 1995, he has gained experience with two leading national law firms in Perth as well as the London office of international law firm, Allen & Overy. He holds a Master of Laws degree (with distinction) from the University of London. Since 2001, Justin has presented the directors' duties module of the Australian Institute of Company Directors' CDC course. Justin specialises in corporate advisory work including mergers and acquisitions (both public and private), equity fundraising, and advice on corporate governance matters. Current at 20 April 2009
 

This was presented at Directors Duties and Insolvency - Are your Clients Failing to Meet their Obligations?.

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