Original article by Annabel Hepworth
The Australian – Page: 20 : 31-Jul-14

Attorney-General George Brandis and other politicians are being lobbied by the Australian Institute of Company Directors. It wants to see the inclusion of an "honest and reasonable director" defence in the Corporations Act, to give company boards better protection in cases launched over alleged breaches of the law as well as of the Australian Securities & Investments Commission Act. The professional body notes that the majority of serious offences in the Corporations Act feature a dishonesty component. The call for reform is separate to any expansion of the current business judgment rule

CORPORATES
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, ASX LIMITED – ASX ASX