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Directors' Personal Liability for Corporate Fault - A Comparative Analysis (Hardcover)
Loot Price: R7,881
Discovery Miles 78 810
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Directors' Personal Liability for Corporate Fault - A Comparative Analysis (Hardcover)
Expected to ship within 12 - 17 working days
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Total price: R7,901
Discovery Miles: 79 010
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This collection of essays describes and analyzes the legal regimes
governing directors' liability for corporate fault and default
across eleven important trading jurisdictions. It asks:
- Are the reform provisions, especially director duties of 'due
diligence, ' sharply enough aimed to attain the goal of corporate
accountability?
- Will it be easy or difficult for defendants to establish that due
diligence was exercised?
- Is it possible that more reliance on self-policing may lead to
less documenting and reporting of wrongs and dangers?
- What impact may schemes of greater self-monitoring have on State
regulation?
- In what ways might corporations react to these demands that they
become guardians of the public weal?
The authors -- each an authority in his or her respective
jurisdiction -- recognize that the reforms are a reaction to the
political problems created by the ill fit of the corporation with
the economic and political value systems that we purport to hold
dear. As they survey the ways that vibrant economies can frame laws
to influence the conduct of directors and companies, they invite
further exploration into the political, economic, practical, and
evolutionary factors that may explain the convergence and
divergence of both statute law and judicial doctrines and the
desirability or inevitability of this deeply significant trend.
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