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Recent cases in Australia and New Zealand involving directors’ obligations sound a warning for any directors who think the difference between “governance” and “management” means that “directors don’t do detail”
Recent cases in Australia and New Zealand involving directors’ obligations sound a warning for any directors who think the difference between “governance” and “management” means that “directors don’t do detail”
The Australian Federal Court yesterday issued what the Australian Securities and Investments Commission (ASIC) has described as a “landmark decision” which highlights the dangers of boards uncritically relying on management, or the auditors
