Chapman Tripp submissions on Companies and Limited Partnerships Amendment Bill – Directors' duties

​The Companies and Limited Partnership Amendments Bill is an omnibus piece of legislation which proposes to criminalise certain directors’ duties and introduce changes to company registration provisions and to the treatment of amalgamations and schemes of arrangement by companies which are subject to the Takeovers Code.   

Chapman Tripp made separate submissions on each of the three issues. 

Directors’ duties

This submission argues strongly that the criminalisation of breaches of directors’ duties is a retrograde step which is wrong in principle and may even be counter-productive to the cause of strengthening New Zealand’s governance culture.

Click here to view submission.

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Related topics: Directors; Corporate governance; Companies Act 1993

Corporate & commercial; Mergers & acquisitions; Financial services regulation

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Chapman Tripp submissions on Companies and Limited Partnerships Amendment Bill – Arrangements and amalgamations; Chapman Tripp submissions on Companies and Limited Partnerships Amendment Bill – Registration; Jail time for serious breach of directors' duties; "Literally insane"? Maybe not. Ill-advised? Definitely; NZ to impose 20:20 hindsight test on directors  

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