Australian law imposes a wide range of duties and obligations on directors of Australian companies. These duties range from statutory and common law duties to act with care and diligence and prevent insolvent trading to more specific and evolving obligations such as disclosure requirements and managing environmental, cyber security and AI risks.
This Guide provides an overview of the key directors' duties and other obligations (such as financial reporting and continuous disclosure) and outlines other areas of critical relevance for directors in navigating their businesses under the framework of Australian law, including corporate governance priorities and other sources of liability.
As a trusted adviser to many of the top companies in Australia and globally, Baker McKenzie is recognised for its extensive experience advising boards of Australian companies. This Guide provides you with a broad overview of the duties of directors of Australian companies, however it is not intended to be an exhaustive analysis of all relevant legal requirements.