In recent years, the lobby group for directors of large companies has been increasingly whingeing about various avenues for company directors to be held accountable. Its a bizarre position; highly paid people who hold themselves out as experts, demanding protection from the consequences when they fail to act reasonably. They have seized upon the Covid-19 pandemic as an excuse to push for changes to class actions, insolvency protections and AGMs with a good deal of success. Its worth taking a look at each of these areas to understand why the lobbying of company directors should be ignored and why the rights of ordinary investors and creditors should take priority.
Class Actions
The debate over the merits of class actions has been well ar…
Read the full article at: https://www.livewiremarkets.com/wires/company-directors-if-you-can-t-stand-the-heat-get-out-of-the-kitchen
