It's tough at the top
Language: English Series: Building ; 271(8421) 10 March 2006, 60-61(2)Publication details: 2006Subject(s): Summary: Argues that the draft company law reform and corporate manslaughter bills will increase both a director's and company's exposure to litigation. The company law reform bill states that a director must act in the interests of shareholders and take account of the interests of employees, suppliers, consumers and the environment, which increases the likelihood of a successful claim being brought. The corporate manslaughter bill will vastly increase the exposure of companies by making them, rather than directors, accountable. Existing directors' and officers' insurance will need to be extended to cover the liability. Warns that directors will still remain liable to be charged under existing law for gross negligence or under health and safety legislation.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal article | London Journal article | L132852 (Browse shelf(Opens below)) | 1 | Available | 132852-1001 |
Argues that the draft company law reform and corporate manslaughter bills will increase both a director's and company's exposure to litigation. The company law reform bill states that a director must act in the interests of shareholders and take account of the interests of employees, suppliers, consumers and the environment, which increases the likelihood of a successful claim being brought. The corporate manslaughter bill will vastly increase the exposure of companies by making them, rather than directors, accountable. Existing directors' and officers' insurance will need to be extended to cover the liability. Warns that directors will still remain liable to be charged under existing law for gross negligence or under health and safety legislation.