The duties of care of directors
Article comments
Interim status: Citation only.
Farrar, J. (2008). The duties of care of directors. In J. Farrar (Ed.), Company and Securities Law in New Zealand (pp. 385-400). Wellington: Brookers Ltd. ISBN: 978-0-86472-617-9.
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© Copyright Brookers, 2008
Abstract
Extract:
All business decisions involve some degree of risk. Company directors are there to make business judgements on behalf of shareholders with less than perfect information. The difficult question is how to reconcile this with ordinary concepts of fiduciary obligations and the duties of due care. The public interest issue is how to provide a balance between appropriate regulation and control on the one hand and the freedom necessary to permit the risk-taking and innovation needed for economic growth on the other.
Suggested Citation
John Farrar. "The duties of care of directors" Company and Securities Law in New Zealand. Ed. J. Farrar. Wellington: Brookers Ltd., 2008. 385-400.
Available at: http://works.bepress.com/john_farrar/32
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