ANALYSIS
New Report on European Directors’
Duties and Liabilities Released
“… The assumption that a director can’t be liable if
he or she acted in good faith is changing. It’s no longer
going to be a reasonable defence for a European
board member to say ‘I didn’t intend for this to
happen’. Instead he or she must be able to state: ‘I
implemented a good system and reasonable processes
to guard against this,” said Roger Barker, Chair of the
ecoDa/AIG Working Group, Director of Corporate
Governance, IoD at the promotion of the latest
Report produced in cooperation with the American
International Group, Inc.
The most commonly outsourced services among
these companies were
in line with global trends: Legal Services (75%), IT-related Services (68.75%) and Financing and Accounting
(56.25%). Further, this breakdown of anticipated outsourcing needs over the next 12 months tended to hold
steady (legal services outsourcing was expected to fall
the most, to 55.56%).
expenditure in the coming year, with only 13% reporting definite plans to decrease their outsourcing budget
in the next 12 months.
Outsourcing Trends...
continued from page 7
Read the Guide to Directors’ Duties and Liabilities
available at:
http://ecoda.org/uploads/media/ecoDa_Directors_
Duties_Final_01.pdf
Of those companies that outsourced regularly in 2014,
77% said they spent more than 16,000 EUR on it.
Internal or global business factors do not seem to be
affecting this behavior either, as some 60% of respondents have affirmed that they will increase outsourcing
Global outsourcing trends would