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Article: The Irreducible Core of the Duty of Care, Skill and Diligence of Company Directors: Australian Securities and Investments Commission v Healey

TitleThe Irreducible Core of the Duty of Care, Skill and Diligence of Company Directors: Australian Securities and Investments Commission v Healey
Authors
KeywordsCommon Law Duties Of Care
Directors
Financial Reporting
Skill And Diligence
Issue Date2012
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.modernlawreview.co.uk/default.asp
Citation
Modern Law Review, 2012, v. 75 n. 2, p. 249-260 How to Cite?
AbstractThe decision in ASIC v Healey raises hitherto unexplored questions about the standard of care of non-executive directors in monitoring the production of financial statements. More particularly, it considers the power of directors to delegate areas of responsibility requiring specialist knowledge and the degree of permissible reliance on professional advisers. The reasoning of the judge will doubtless prove helpful to the English courts not only in relation to duty of care issues under section 174 of the Companies Act 2006, but also when considering the duty to exercise independent judgment which is now restated in section 173. © 2012 The Authors. The Modern Law Review © 2012 The Modern Law Review Limited.
Persistent Identifierhttp://hdl.handle.net/10722/183384
ISSN
2015 Impact Factor: 0.855
2015 SCImago Journal Rankings: 0.623
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLowry, Jen_US
dc.date.accessioned2013-05-27T07:11:52Z-
dc.date.available2013-05-27T07:11:52Z-
dc.date.issued2012en_US
dc.identifier.citationModern Law Review, 2012, v. 75 n. 2, p. 249-260en_US
dc.identifier.issn0026-7961en_US
dc.identifier.urihttp://hdl.handle.net/10722/183384-
dc.description.abstractThe decision in ASIC v Healey raises hitherto unexplored questions about the standard of care of non-executive directors in monitoring the production of financial statements. More particularly, it considers the power of directors to delegate areas of responsibility requiring specialist knowledge and the degree of permissible reliance on professional advisers. The reasoning of the judge will doubtless prove helpful to the English courts not only in relation to duty of care issues under section 174 of the Companies Act 2006, but also when considering the duty to exercise independent judgment which is now restated in section 173. © 2012 The Authors. The Modern Law Review © 2012 The Modern Law Review Limited.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.modernlawreview.co.uk/default.aspen_US
dc.relation.ispartofModern Law Reviewen_US
dc.subjectCommon Law Duties Of Careen_US
dc.subjectDirectorsen_US
dc.subjectFinancial Reportingen_US
dc.subjectSkill And Diligenceen_US
dc.titleThe Irreducible Core of the Duty of Care, Skill and Diligence of Company Directors: Australian Securities and Investments Commission v Healeyen_US
dc.typeArticleen_US
dc.identifier.emailLowry, J: jlowry@hku.hken_US
dc.identifier.authorityLowry, J=rp01750en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1111/j.1468-2230.2012.00898.xen_US
dc.identifier.scopuseid_2-s2.0-84857757619en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-84857757619&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume75en_US
dc.identifier.issue2en_US
dc.identifier.spage249en_US
dc.identifier.epage260en_US
dc.identifier.isiWOS:000300932700004-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridLowry, J=55050464300en_US

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