Article
The Duty Of Care And Diligence For Directors And Officers - Lessons From ASIC v Bekier
A Federal Court decision has found that two senior executives of The Star Entertainment Group breached their statutory duty of care and diligence by failing to properly escalate serious legal and regulatory risks related to junket operations and payment card misuse. The case establishes critical precedents for how executive directors, company secretaries, and in-house counsel must exercise oversight in high-risk industries, particularly when warning signs of potential criminal activity emerge.
Bartier Perry Solicitors
