Topic: Liability and Compliance

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New study questions enforcement of directors’ duties in Australia

Important new Melbourne Law School study sheds light on the application of penalties for company directors

New reforms for director liability reform proposed by academics

Deakin University researchers have put forward new ideas for reforming director liability in Australia. The GLC’s Tony Featherstone speaks to the authors.

Final steps to safe harbour law reform

In significant news for all directors, the Australian Government released draft legislation for insolvency law reform that includes a proposal to introduce a safe harbour for directors from insolvent ...

What keeps directors awake at night: insights from the Director Sentiment Index

Every six months, as part of the Director Sentiment Index, the AICD asks members what issues are ‘keeping them awake at night’. Carissa Simons, the AICD’s Media Manager, runs through the current chall...

Former chairman of AWB Limited fined and banned for duty of care breach

In a cautionary tale for directors, former AWB Chairman Trevor Flugge was this week fined in connection with the Iraqi ‘oil for wheat’ scandal. AICD Senior Policy Adviser Lysarne Pelling explains the ...

Are you prepared to ensure your organisation’s solvency?

A new pilot program, Company Directors Course Specialisation: Ensuring Solvency, will help directors make the right calls overseeing organisations in financial stress and navigating Australia’s harsh ...

Proposed insolvency reforms signal good news for directors and the economy

In welcome news for directors and the economy, the Federal Government has introduced draft legislation for insolvency law reform that includes a proposal to introduce a safe harbour provision.

Court opens the way to a class action rush

A landmark court decision could usher in another wave of class action litigation with cases to be larger and more complex than ever before.

New legal opinion connects directors’ duties and climate change risks

Directors need to be considering how climate change might affect their business or they could be opening themselves up to litigation, a Sydney silk argues in a new legal opinion. Louise Petschler, the...

Dealing with the threat of the class action 'new normal'

Companies and boards are under threat of class action litigation more than they ever have been before, a report by law firm King & Wood Mallesons shows. Directors must understand where they are vulner...
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