Topic: Liability and Compliance

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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 ...

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.

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 ...

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...

Former Kleenmaid director sentenced to nine years’ jail

A recent decision by the Queensland District Court reminds Australian directors of their liabilities, with ASIC and the Court sending a clear message that fraud and insolvent trading will not be toler...

Morals or medals: Governance, drugs and the Olympics

With competition heating up at the Rio games, whistleblowers are leading the fight to keep sport clean. But will sports organisations choose to put morals over medals?

Don’t get tripped up by directors’ liability

Andrew Yeo outlines six common liability traps that often ensnare company directors.

Are courts easing the way for shareholder class action claims?

How to prove causation in shareholder class actions has long been contentious. Herbert Smith Freehills examines how a recent case may steer the debate.
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