Skip to main content
Contribution to Book
The duties of care of directors
Company and Securities Law in New Zealand (2008)
  • John Farrar
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.
Keywords
  • risk,
  • business judgments,
  • directors
Publication Date
January 1, 2008
Editor
J. Farrar
Publisher
Brookers Ltd.
ISBN
978-0-86472-617-9
Publisher Statement
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.

Access the publisher's website.

© Copyright Brookers, 2008
Citation Information
John Farrar. "The duties of care of directors" WellingtonCompany and Securities Law in New Zealand (2008)
Available at: http://works.bepress.com/john_farrar/32/