Abstract
According to both corporate governance codes and company law the directors of a company have a collective responsibility. This article explores collective, or collegiate, decision-making and, perhaps more importantly, collective responsibility. The collective responsibility of directors is currently operationalized only by converting it into an individual responsibility and liability. The purpose of this article is to reveal how a more openly collective approach to board responsibilities and board liabilities could be useful and practical despite the fact that its theoretical basis may require some metaphysical spookiness.
Original language | English |
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Pages (from-to) | 609-636 |
Number of pages | 28 |
Journal | Griffith Law Review |
Volume | 21 |
Issue number | 3 |
Publication status | Published - Sept 2013 |
Keywords
- Collective responsibility
- board failure
- plural subject
- directors
- corporate board