2018 is proving to be a year of pivotal developments in thinking about the role and responsibilities of Australian company directors. Traditional law requires directors to act in the best interests of the company's equity investors. But some public commentary asserts additional, overriding social duties to other stakeholders, including customers, employees, and the environment. Some commentators claim that directors' duties are owed to the public and not merely to shareholders, that directors are accountable for their organisation's corporate culture, and that a company conducts business in reliance on a social licence to operate which can be forfeited by bad behaviour.
Such claims have been made not only in the media, but also by regulators. They were included in some proposals announced by the ASX Corporate Governance Council in May 2018. They appear to be pressing issues before the Financial Services Royal Commission. How should the legal community respond to these ideas, and what advice should be given to corporate clients and their directors?"
Find out more by attending the 2018 Supreme Court of New South Wales Commercial and Corporate Law Conference.
Hear from speakers including:
- The Honourable TF Bathurst AC, Chief Justice of New South Wales
- Associate Professor Jason Harris, UTS
- Professor Dimity Kingsford Smith, UNSW
- Shannon Finch, Partner, King & Wood Mallesons and Chair, Law Council Corporations Committee
- Kevin McCann AM, FAICD, Independent Non-Executive Chairman and Director
Find out more here.
- When: Tuesday 20 November 2018
- Time: 1.30pm - 7.00pm (including networking)
- Where: Banco Court, Law Courts Building, Queen Square, 184 Philip Street SYDNEY NSW 2000
- CPD Units: 4 units
- Registrations: $265 | REGISTER NOW HERE