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dc.contributor.authorBather, Andrea
dc.date.accessioned2008-12-16T00:40:41Z
dc.date.available2008-12-16T00:40:41Z
dc.date.issued2006-12
dc.identifier.citationBather, A. (2006). The Companies Act 1993 and Directors’ Duties: Small and medium entities are not well catered for. (Department of Accounting Working Paper Series, Number 90). Hamilton, New Zealand: University of Waikato.en_US
dc.identifier.issn1173-7182
dc.identifier.urihttps://hdl.handle.net/10289/1675
dc.description.abstractIn 1993 New Zealand passed into law the Companies Act. The Act was a combination of work done by the New Zealand Law Commission and the Justice Department. It was anticipated that the Act would provide all the information necessary to enable a prospective director to understand what was required in incorporating and winding up a company, as well as the requirements to be met whilst doing business using that form. This paper contends that the Act does not contain the Law Commission’s original intentions in terms of directors’ duties, compliance with which is argued to be the quid pro quo of the right to incorporate, where the company is a small or medium entity. The paper further contends that amendments to the Act are necessary to take account of the needs of small and medium entities and suggests possible amendments, in light of case law emphasising the need for directors to maintain a company’s solvency, where failure to do so can trigger personal liability for directors.en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.publisherWaikato Management Schoolen_NZ
dc.relation.ispartofseriesDepartment of Accounting Working Paper Series
dc.subjectaccountingen_US
dc.titleThe Companies Act 1993 and Directors’ Duties: Small and medium entities are not well catered foren_US
dc.typeWorking Paperen_US
uow.relation.series90
dc.relation.isPartOfDepartment of Accounting Working Paper Seriesen_NZ
pubs.elements-id53415


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