Should I stay or should I go? Directors, leave of absence and liability
A lack of clarity around directors’ personal liability while on extended leave means they’re more likely to resign than take leave of absence, diminishing New Zealand’s pool of strong, experienced directors and potentially challenging board diversity.
This report, released by the Institute of Directors in partnership with MinterEllisonRuddWatts, sheds light on some of the relevant issues around directors' leave of absence and outlines important questions for boards, directors and organisations to consider.
Silvana Schenone and Mark Stuart are Partners in MinterEllisonRuddWatts' Corporate team. Jasmin Matthews is a Senior Solicitor in the Corporate team.