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dc.contributor.authorWhincop, Michael J.
dc.date.accessioned2018-11-09T12:32:01Z
dc.date.available2018-11-09T12:32:01Z
dc.date.issued1996
dc.identifier.issn0729-2775
dc.identifier.urihttp://hdl.handle.net/10072/120631
dc.description.abstractThis article compares the principles governing the interpretation of the statutory duties of honesty and propriety. It is demonstrated that the present formulation of the content of the duties of propriety, which concentrates on the existence of breach of fiduciary duty, is excessively broad, because it does not contain a substantive qualification identifying use of position or information in a manner that involves harm to the interests of shareholders. This problem is demonstrated to recur in the leading cases on s 232(5) and (6), especially the High Court decision in R v Byrnes. The article argues that this problem should be resolved by concentrating on situations that represent abuses of the office of the defendant. The advantages of this approach over the present law are discussed. The article concludes with a suggestion that it may be time to re-examine the application of fiduciary principles to directors, especially those of large listed corporations.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherLaw Book Co
dc.publisher.placeSydney
dc.relation.ispartofpagefrom157
dc.relation.ispartofpageto173
dc.relation.ispartofjournalCompanies and Securities Law Journal
dc.relation.ispartofvolume14
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchLaw
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1801
dc.titleDevelopments in Directors' Statutory Duties of Honesty and Propriety
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyArts, Education & Law Group, Griffith Law School
gro.hasfulltextNo Full Text
gro.griffith.authorWhincop, Michael J.


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