Companies Act reform - impact on directors

IN LAST week's article on the Companies Act reform, I covered the key amendments made by the Companies (Amendment) Act 2014 - passed by Parliament in October - that remove regulatory burdens and promote business flexibility.

Another aim of the amendments is to improve corporate governance. In this article, I examine how these provisions impact directors, particularly on their life cycle, duties and financial dealings.

A number of amendments affect the appointment, scope and disqualification of directors.