Australian business calls for changes in corporate law

Australian companies are seeking to weaken the personal liabilities of directors to encourage toughter business decisions.
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Australian boards are taking steps to protect directors from investor law suits and criminal prosecution. The Institute of Company Directors has called for changes to company law in a move to encourage directors to join boards and not be scared of making difficult decisions because of the growing threat of personal liability. It fears the current situation will impede business growth. Source:ABC.com

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