The irresponsible director

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Abstract

To improve the position of one creditor for a company in insolvency is nearly always at another creditor’s expense. However, if directors could be held liable for their irresponsible behaviour, this may allow liquidators further opportunities to make directors to make good the loss to their companies or their companies’ creditors. This could be done by revisiting s.172 of the Companies Act 2006 which has not, so far, been particularly effective in improving directorial decision-making. Lessons may be learned from the wording of directors’ duties in other jurisdictions, in particular Ireland.
Original languageEnglish
Pages (from-to)355-358
Number of pages4
JournalInternational Company and Commercial Law Review
Volume28
Issue number10
Publication statusPublished - 30 Sep 2017
EventInaugural Cross-Border Corporate Insolvency and Commercial Law [CI&CL] Research Group Conference & Symposium - City, University of London, London, United Kingdom
Duration: 6 Apr 20176 Apr 2017

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Ireland
Jurisdiction
Decision making
Expenses
Insolvency

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The irresponsible director. / Grier, Nicholas.

In: International Company and Commercial Law Review, Vol. 28, No. 10, 30.09.2017, p. 355-358.

Research output: Contribution to journalArticle

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