Mainzeal judgment brings lessons in corporate governance

Wed, 27 Feb 2019

By Nikki Mandow Feb. 28 (BusinessDesk) - Company directors, insurance companies, liquidators and litigation funders will likely be running a fine tooth comb over Tuesday’s Mainzeal decision from the High Court - regardless of whether or not there’s an appeal. In a decisive victory for the Mainzeal liquidators, Justice Francis Cooke ordered the directors of the failed construction company, including former prime minister Jenny Shipley, to pay $36 million to creditors. While many think an appeal is likely, Institute of Directors chief ex...

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