Directors' duties and liabilities are up for review

The Law Commission says current regulations may discourage directors from taking legitimate business risks. (Image: Getty)

Rebecca Howard

Tue, 04 Jun 2024

The Law Commission will undertake a review of directors’ duties and liabilities at the request of Justice Minister Paul Goldsmith. “The law relating to directors’ duties and liabilities has been causing concern for some time and a review is timely,” said commissioner Geof Shirtcliffe.There have been a number of calls for reform. In a case involving Mainzeal, for example, the supreme court endorsed the appeal court's view that a review was needed.In August last year, the supreme court ordered the directors of Mai...

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