Company Directors Behaviour is "Mad Hatters Tea Party", Curiouser and Curiouser

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avondale-bepress-to-dspace.facultyBusiness
avondale-bepress-to-dspace.peer_review_statusNon-refereed
avondale-bepress.abstract<p>Corporate governance is not a new concept. In fact the last 15 years has seen a surge in academic publications and case law in relation to the lack of corporate governance. Research Gap is that Company Directors are attending a “mad hatters’ tea party” when it comes to the implementation of governance codes, with the recent spate of court cases involving breaches of directors fiduciary duties. Methodology used was review of case law using archival data. This research looks at the type of case law issues of corporate governance in Australia and in particular accountability, and relates the case law to the Corporations Act (2001) to find where company directors are getting corporate governance wrong. The findings indicate that perhaps the “if not why not” prescription, should not be an option for corporate governance for some Boards. For some Boards the invitation from Alice to jump down the rabbit hole into creative accounting and bad board behaviour at the “mad hatters’ tea party” is just too great an incentive. Implications show that this review of important corporate governance case law will assist Boards to concentrate their efforts on improving the environment they operate in, as good governance equates to good business.</p>
avondale-bepress.articleid1033
avondale-bepress.authorsLisa Barnes
avondale-bepress.context-key26400677
avondale-bepress.coverpage-urlhttps://research.avondale.edu.au/bit_conferences/34
avondale-bepress.document-typeconference
avondale-bepress.field.author_faculty_disciplineBusiness
avondale-bepress.field.comments<p>Used by permission: the author.</p>
avondale-bepress.field.custom_citation<p>Barnes, L. (2021, September 23-24). <em>Company Directors behaviour is "Mad Hatters Tea Party" curiouser and curiouser!</em> [Paper presentation]. 16th EIASM Interdisciplinary Conference on Intangibles and Intellectual Capital, Lille, France.</p>
avondale-bepress.field.doihttps://www.eiasm.org/UserFiles/XVI%20EIASM%20Conference%20-%20Lille%20%20Online%20-%2023-24%20Sept%202021%20-%20Programme%20-%20FINAL%20without%20links.pdf
avondale-bepress.field.embargo_date2021-11-30T00:00:00Z
avondale-bepress.field.field_of_education08 Management and Commerce
avondale-bepress.field.for_202138 ECONOMICS
avondale-bepress.field.peer_reviewNon-refereed
avondale-bepress.field.proceedings16th EIASM Interdisciplinary Conference on Intangibles and Intellectual Capital - Sustainability and Integrated Reporting, Governance and Value Creation
avondale-bepress.field.publication_date2021-09-24T00:00:00Z
avondale-bepress.field.reportable_itemsE2
avondale-bepress.field.research_centreChristian Education Research Centre
avondale-bepress.field.staff_classificationPermanent
avondale-bepress.fulltext-urlhttps://research.avondale.edu.au/cgi/viewcontent.cgi?article=1033&amp;context=bit_conferences&amp;unstamped=1
avondale-bepress.keywordsCorporate Governance
avondale-bepress.keywordsAccountability
avondale-bepress.keywordsTransparency
avondale-bepress.keywordsDirectors Duties.
avondale-bepress.label34
avondale-bepress.native-urlhttps://research.avondale.edu.au/context/bit_conferences/article/1033/type/native/viewcontent
avondale-bepress.publication-date2021-09-24T00:00:00Z
avondale-bepress.publication-titleBusiness Conference Papers
avondale-bepress.statepublished
avondale-bepress.submission-date2021-11-30T21:11:27Z
avondale-bepress.submission-pathbit_conferences/34
avondale-bepress.titleCompany Directors Behaviour is "Mad Hatters Tea Party", Curiouser and Curiouser
avondale-bepress.typearticle
dc.contributor.authorBarnes, Lisa
dc.date.accessioned2023-11-01T00:34:17Z
dc.date.available2023-11-01T00:34:17Z
dc.date.issued2021-09-24
dc.date.submitted2021-11-30T21:11:27Z
dc.description.abstract<p>Corporate governance is not a new concept. In fact the last 15 years has seen a surge in academic publications and case law in relation to the lack of corporate governance. Research Gap is that Company Directors are attending a “mad hatters’ tea party” when it comes to the implementation of governance codes, with the recent spate of court cases involving breaches of directors fiduciary duties. Methodology used was review of case law using archival data. This research looks at the type of case law issues of corporate governance in Australia and in particular accountability, and relates the case law to the Corporations Act (2001) to find where company directors are getting corporate governance wrong. The findings indicate that perhaps the “if not why not” prescription, should not be an option for corporate governance for some Boards. For some Boards the invitation from Alice to jump down the rabbit hole into creative accounting and bad board behaviour at the “mad hatters’ tea party” is just too great an incentive. Implications show that this review of important corporate governance case law will assist Boards to concentrate their efforts on improving the environment they operate in, as good governance equates to good business.</p>
dc.description.versionNon-refereed
dc.identifier.citation<p>Barnes, L. (2021, September 23-24). <em>Company Directors behaviour is "Mad Hatters Tea Party" curiouser and curiouser!</em> [Paper presentation]. 16th EIASM Interdisciplinary Conference on Intangibles and Intellectual Capital, Lille, France.</p>
dc.identifier.doihttps://www.eiasm.org/UserFiles/XVI%20EIASM%20Conference%20-%20Lille%20%20Online%20-%2023-24%20Sept%202021%20-%20Programme%20-%20FINAL%20without%20links.pdf
dc.identifier.urihttps://research.avondale.edu.au/handle/123456789/26400677
dc.language.isoen_us
dc.rights<p>Used by permission: the author.</p>
dc.subjectCorporate Governance
dc.subjectAccountability
dc.subjectTransparency
dc.subjectDirectors Duties.
dc.titleCompany Directors Behaviour is "Mad Hatters Tea Party", Curiouser and Curiouser
dc.typeConference Publication
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