POSITION PAPER NO. 8 - NON-RECOURSE LOANS PROVIDED TO EXECUTIVES

Date: 6/05/2008

Title: Position Paper No. 8 - Non-Recourse Loans Provided to Executives

Type: Policy & Advocacy: Paper

Abstract: This position paper sets out some of AICD's views on companies providing non-recourse loans to executives for the purpose of funding share purchases. AICD considers that such loans do not typically represent "best" corporate governance practice, however  it does not support a legislative prohibition on their use.

File:
Position Paper no 8 - non recourse loans