Wednesday 21 November 2012

Company directors to face fewer prosecutions - ABC News (Australian Broadcasting Corporation)

Previously, directors could be held personally liable in the state if they failed to prevent their companies from committing more than 1,000 different offences.

But that number has now been reduced to about 150, to bring the state into line with principles agreed at COAG.

Greens MP John Kaye says the changes will encourage a cowboy corporate culture.

"This is about directors turning a blind eye when corporations do the wrong thing," he said.

Company directors to face fewer prosecutions - ABC News (Australian Broadcasting Corporation)

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