Directors' duties law called 'silly bill-iness' by law firm

Directors' duties law called 'silly bill-iness' by law firm
Chapman Tripp said the existing law was already clear that directors were not limited to maximising profits. (Image: Getty)
Ian Llewellyn
A bill amending the definition of directors’ duties has passed into law with changes that make it nothing more than “virtue-signalling”, experts say.The original intent of the Companies (Directors' Duties) Amendment Bill was to make clear directors could consider other matters rather than profit when making decisions and listed issues such as the principles of the Treaty of Waitangi, the environmental impacts and other matters.After some delays, the bill recently completed its committee stage with the sponsoring MP, L...

More Law & Regulation

Wikeley loses again in Owen Glenn stoush
Law & Regulation

Wikeley loses again in Owen Glenn stoush

Supreme Court says fraud findings can’t be relitigated.

Victoria Young 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Eric Watson gearing up for more court action
Law & Regulation

Eric Watson gearing up for more court action

Watson says he would continue to stand firmly on his position. 

Denise McNabb 03 Jul 2025