CLERP Paper No. 3 : Proposals for Reform - Directors' Duties and Corporate Governance

Directors' Duties and Corporate Governance - Facilitating innovation and protecting investors. This paper reviews whether the current rules regulating company directors inhibit sound business judgements; examines whether shareholders have sufficient opportunity for redress against a corporation; explores whether the private sector is adequately addressing the issue of corporate governance in light of the importance of domestic and international confidence in Australia's securities markets; and makes specific recommendations for amendment of the Corporations Law.