Director Liability Article Results

• News Views November 09

  Content Type: CDM Article

  01 Nov 2009

  States’ poor report card Most Australian states have failed a new test that measures their “business-friendliness” from a director liability standpoint. AICD’s new Boardroom Burden Report Card examined each state and territory’s legal regime to determine how much it imposes liability on directors, ...

• DO Update Look before you leap

  Content Type: CDM Article

  01 Oct 2009

  Look before you leap Directors cannot afford to get their D&O cover wrong, especially in the current economic climate. But Craig Claughton, NSW manager of the Financial and Professional Services Practice at Marsh, says they often fail to invest enough time in understanding how a D&O policy ...

• Interview QA with Chris Townsend

  Content Type: CDM Article

  01 Jun 2009

  Chris Townsend talks to Tony Featherstone about managing AIG Australia through a crisis, the lessons learned and what a surge in class actions means for D&O insurance policies. Q&A with Chris Townsend The global financial crisis has been hell for most CEOs, non...

• Law Firms Risky business Sep 08

  Content Type: CDM Article

  01 Sep 2008

  The role of a director comes with many potential liabilities. Here’s what lawyers list as the current and emerging risks that directors need to be wary about. Risky business Being a director has always been a risky business. As Addisons Commercial Lawyers partner Philip Stern notes: “There is ...

• D and O A litigious multinational environment May 08

  Content Type: CDM Article

  01 May 2008

  Jason Howard cautions that companies need to check their D&O cover as they expand offshore. A litigious multinational environmentA key development in Australia’s changing corporate landscape has been rapid global expansion, both through organic growth and by acquisition. Although ...

• Opinion Different strokes for different folks May 08

  Content Type: CDM Article

  01 May 2008

  Christian Witting investigates whether the law requires more from some directors than others. Different strokes for different folks In recent years, lawyers have debated the standards of care that apply to various company directors under section 180(1) of the Corporations Act 2001 and th...

• Class actions The shifting battle ground Mar 08

  Content Type: CDM Article

  01 Mar 2008

  A surge in class actions can be expected this year. Anne Lampe reports on this shifting minefield for directors and companies. The shifting battle ground 2008 is shaping up as the year that will be remembered by class action lawyers for vapourising any leisure time they hoped to have. An entre...

• Chairman s Report Sensible checks and balances Feb 08

  Content Type: CDM Article

  01 Feb 2008

  Sensible checks and balances A presentation to an AICD luncheon in Sydney late last year by the new chairman of the Australian Securities and Investments Commission (ASIC), Tony D’Aloisio, was interesting on a number of levels. D’Aloisio referred to the work that ASIC is doing in the area of retail ...

• Your Say

  Content Type: CDM Article

  01 Sep 2007

  Letters to the Editor A number of issues raised in the article, ‘A National Scheme in the Making’ (Company Director, July 2007), require clarification. The article suggests Comcare provides a licensee with the option of insurance or self insurance. This is not the case. The...

• Financial Literacy

  Content Type: CDM Article

  01 Aug 2007

  Do the numbers add up? If you are not sure, then it may be time to brush up on your financial literacy. Learning the language of numbers Standards for financial literacy, just like language literacy, tend to rely a lot on who is doing the judging. However, when it comes to reading the figures,...

• Cover story

  Content Type: CDM Article

  01 Apr 2007

  The Australian Securities and Investment Commission (ASIC) recently commenced civil proceedings against a number of former directors and former executives of James Hardie. This case will undoubtedly raise – and hopefully answer – many questions in relation to directors’ duties and responsibilities. ...

• Spoken Word

  Content Type: CDM Article

  01 Dec 2006

  Maurice Baroni, senior associate workplace relations at Clayton Utz, discusses a landmark case in NSW that threatens to change directors’ liabilities under OHS regulations. It could also set a precedent for directors in other states. A wake-up call for directors A key question of liability tha...

• Criminal Justice System

  Content Type: CDM Article

  01 Sep 2006

  A review currently being conducted into the Commonwealth criminal justice system has significant implications for directors as it will re-assess the adequacy of penalties for corporations as well as individuals. Kevin Forde summarises the AICD’s submission. Review of criminal penalti...

• Inside AICD

  Content Type: CDM Article

  01 Sep 2006

  An outline of some of the issues addressed by AICD’s policy department, committees and taskforces over the last month. Policy Update New South Wales Occupational Health & Safety Amendment Bill 2006 WorkCover has released the New South Wales Occupational Health & Safety Amendment Bill ...

• Spoken Word

  Content Type: CDM Article

  01 May 2006

  David Gonski AO argues that the Corporations Act should differentiate between not-for-profit corporations and companies involved for profit to promote corporate social responsibility. Not-for-profit organisations need legal encouragement Over the last 10 years, and particularly in the last...

• Legislation A Hard Act to Follow

  Content Type: CDM Article

  01 Feb 2006

  A hard act to swallow New industrial manslaughter laws have provided a sobering reminder of the personal liability issues directors must negotiate as a consequence of Australia’s current patchwork of state-based legislation. Domini Stuart explores the legislative minefield. Regulation is a huge drai...

• increasing the load

  Content Type: CDM Article

  01 Nov 2005

  Increasing the load When the Parliamentary Secretary to the Treasurer,  Chris Pearce, announced on October 12 that there would be reforms to Australian insolvency laws, the first since the Harmer Report in the early 1990s, he also indicated that he would be referring the matter to the Corporati...

• between a rock and a hard place

  Content Type: CDM Article

  01 Oct 2005

  Between a  rock and a hard place   D&O insurance is a tricky business at the best of times – and court rulings on these issues make it even harder says Ali CromieDirectors seeking a realistic picture of the effectiveness of their D&O liability insurance policies can piggyback on an...

• Road transport liability dangers AICD Review

  Content Type: CDM Article

  01 Jul 2005

  Overloaded and oversize heavy vehicles, with inadequately restrained loads, are a risk to all. But heavy vehicle legislation in Victoria and NSW will hold everyone in the supply chain legally liable. If you consign goods on a heavy vehicle, pack or load those goods, drive the goods or you are the de...

• The members voice AICD Review

  Content Type: CDM Article

  01 Jul 2005

  An outline of some of the issues addressed by AICD’s policy department, committees and taskforces over the past month: The members' voice An outline of some of the issues addressed by AICD's policy department, committees and taskforces over the past month: Road Transport Laws...