It's not like the old days.
Company directors have never faced such onerous responsibilities. Simon Threadgold examines what impact the Turnbull Report will have on companies, both large and small.
Becoming a company director works wonders for your self-esteem.But the days of getting appointed as a friend of the chairman, and
attending a monthly board meeting, followed by a slap-up lunch, are pretty
much over.
Directors now face ever more onerous responsibilities. Not only must they
comply with new corporate governance rules, but future legislation
threatens to codify their duties as never before. This requires
significant changes in the way directors and officers liability covers are
develop
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