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dc.contributor.authorFinlayson, Patricia
dc.date.accessioned2014-02-11T22:38:44Z
dc.date.available2014-02-11T22:38:44Z
dc.date.issued2013-03
dc.identifier.urihttps://hdl.handle.net/10652/2368
dc.description.abstractIt is probably fair to assume that most, if not all, directors understand the concept of limited liability – although, I suspect that many mistakenly believe that that applies as much to directors as it does to shareholders. However, it would appear unlikely that directors have taken as much care to understand their obligations as set out in the Companies Act 1993, and that professional advisers either do not spend much time ensuring that directors grasp the fundamentals of the duties they owe to their companies, or directors do not give significant weight to the advice given. The concept of conflict of interest, and a director’s duty to avoid it, for instance, appears to completely evade many directors or they choose to ignore it. The problems with companies which failed in the stock market crash of 1987 and, more recently, in the spectacular failure of multiple finance companies in New Zealand, have often been characterised by high levels of conflicts of interest and close cousin, related-party transactions. Why is it that New Zealand directors appear to either find the concept of conflict of interest difficult to grasp or are wilfully blind to its occurrence when it would seem so glaringly obvious to an impartial observer?en_NZ
dc.language.isoenen_NZ
dc.publisherNZ Lawyeren_NZ
dc.subjectdirectorshipen_NZ
dc.subjectcorporate conflict of interesten_NZ
dc.subjectNew Zealanden_NZ
dc.titleWhat conflict of interest?en_NZ
dc.typeJournal Articleen_NZ
dc.rights.holderNZ Lawyeren_NZ
dc.subject.marsden150303 Corporate Governance and Stakeholder Engagementen_NZ
dc.identifier.bibliographicCitationFinlayson, Patricia. (2013) What conflict of interest? NZ Lawyer (202) : 25.en_NZ
unitec.institutionUnitec Institute of Technologyen_NZ
unitec.publication.spage25en_NZ
unitec.publication.lpage25en_NZ
unitec.publication.volume202en_NZ
unitec.publication.titleNZ Lawyeren_NZ
unitec.peerreviewedyesen_NZ


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