Disagreement of board members made public
Disagreement of board members made public
Posted Mar 25, 2025 1:28 UTC (Tue) by gdt (subscriber, #6284)Parent article: OSI election ends with unsatisfying results
Smith defended the requirement and said that disagree and commit is a "pretty common standard in the corporate world"
Disagree that a signed commitment is common. Having been made sit through a week of training by the Australian Institute of Company Directors, Directors should not conceed to terms which impede the legislated Duties of Directors. Directors have a individual responsibility to meet their Duties which is not voided by collegiate decisions made by the Board. There are clearly scenarios where a Director's Duty may require a public statement at odds with prior public statements of the Board.
Public statements by Directors already need to meet the Duty to "act in good faith in the best interests of the company and for a proper purpose."
