It's tough at the top

摘要

Company directors should be worried. If two government bills become law they could find that their job title carries a whole lot more risk than before. The draft company law reform bill and the corporate manslaughter bill will increase a director's and its company exposure to litigation in several ways, and there's no guarantee you'll be covered even if you've got insurance. First, let's look at the company law reform bill, which is aimed at reducing the legislative burden and making directors' duties and liabilities crystal clear. Current legislation makes it hard to prove negligence or a breach of duty of care.