Contribution to Book
The duties of care of directorsCompany and Securities Law in New Zealand (2008)
AbstractExtract: 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.
- business judgments,
Publication DateJanuary 1, 2008
Citation InformationJohn Farrar. "The duties of care of directors" WellingtonCompany and Securities Law in New Zealand (2008)
Available at: http://works.bepress.com/john_farrar/32/