NZBusiness+Management

Reckless trading and insolvency

THE RECENT decision in the Mainzeal court case might focus directors on what their responsibilities are. Whilst the Mainzeal case had some unique factors, which we will comment on, we mainly want to remind those in governance of what their duties are around reckless trading and incurring inappropriate obligations.

Breaching these can lead,

You’re reading a preview, subscribe to read more.

More from NZBusiness and Management

NZBusiness and Management3 min readCrime & Violence
You've Had A Privacy Breach, What Do You Do Next?
Privacy breaches are bad news but they're also a chance to learn from and prevent further breaches. There are four steps every manager should know to reduce the harm to their business. The first step is Contain. You need to find out what's happened a
NZBusiness and Management1 min read
B LAB AUSTRALIA & AOTEAROA NEW ZEALAND
B Lab AANZ is the regional non-profit organisation (within the global B Lab network) that oversees B Corp Certification – a globally recognised standard and movement of business as a force for good, made up of almost 7,000 businesses globally. Within
NZBusiness and Management3 min read
Managing Mid-winter Malaise
It's hard to admit but we all know the feeling: work and the workplace can sometimes seem a bit blah. Shorter, colder, rainier winter days don't help. Experts have a few useful things to say about what managers might seek to do to understand and help

Related Books & Audiobooks