Why Australia needs a new accord on directors' duties

The government is looking for stimulus ideas that make sense regardless of the lockdown. A good place to start would be to help company directors get back to basics – to build long term prosperity while acting honestly and ethically and being good employers.

Corporate governance regulation should always strive to demand behaviour that is in line with evolving community standards without unduly stifling innovation. It should not force the overallocation of resources and energy into compliance initiatives.

Read more: www.afr.com/companies/professional-services/why-australia-needs-a-new-accord-on-directors-duties-20200602-p54ynr