You are not logged in.

Directors' duties to stakeholders : a reform proposal based on three false assumptions

McConvill, James 2005, Directors' duties to stakeholders : a reform proposal based on three false assumptions, Australian journal of corporate law, vol. 18, no. 1, pp. 88-102.

Attached Files
Name Description MIMEType Size Downloads

Title Directors' duties to stakeholders : a reform proposal based on three false assumptions
Author(s) McConvill, James
Journal name Australian journal of corporate law
Volume number 18
Issue number 1
Start page 88
End page 102
Publisher LexisNexis
Place of publication Sydney, N.S.W.
Publication date 2005
ISSN 1037-4124
Summary The Corporations and Markets Advisory Committee has been asked to consider whether the duties of directors under the Corporations Act 2001 (Cth) should be broadened to require directors to take into account the interests of stakeholder groups other than shareholders when making corporate decisions. In this article, the author argues that the existing statutory duties of directors in Australia should remain unchanged. The existing duties of directors, in particular the overriding duty of directors to act in the best interests of the company, already accommodates consideration of stakeholder interests by directors if the decision is justifiable as being in the company's best interests. Furthermore, corporate culture and norms are moving towards embracing stakeholder engagement, again with the implicit recognition that integrating stakeholder considerations within the decision-making processes of companies is integral to achieving long-term sustainable growth.
Language eng
Field of Research 180109 Corporations and Associations Law
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30003333

Document type: Journal Article
Collection: Law
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 0 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 1251 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 07 Jul 2008, 08:50:08 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.