The Irreducible Core of the Duty of Care, Skill and Diligence of Company Directors
A ustralian S ecurities and I nvestments C ommission v H ealey
Bibliographic Data
| ID | 9194688 |
|---|---|
| Authors | John Lowry (0000-0002-8957-6799, UCL, Faculty of Laws, corresponding author) |
| Year | 2012 |
| Volume | 75 |
| Issue | 2 |
| Pages | 249-260 |
| Publication date | 2012-03-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Modern Law Review (JOURNAL) |
| Journal identifiers | ISSN: 0026-7961 • E-ISSN: 1468-2230 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-2230.2012.00898.x |
| OpenAlex | W1662479605 |
| Language | EN |
| Citations received | 1 |
| References cited | 8 |
The decision in ASIC v H ealey 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 E nglish courts not only in relation to duty of care issues under section 174 of the C ompanies A ct 2006, but also when considering the duty to exercise independent judgment which is now restated in section 173
Business · Commission · Delegate · Diligence · Due diligence · Duty · Duty of care · Economics · Management · Political science · Section (typography) · Accounting · Computer Science · Corporate Insolvency and Governance · Corporate Law and Human Rights · Finance · Law · Legal principles and applications · Psychology · Social Psychology
| Citations per year | 0.17 |
|---|---|
| Citation span | 2020 - 2020 (1) |
| Highly cited | No |