Duties of Board and Committee Members

The book "Duties of Board and Committee Members" by Bruce Cowley and Stephen Knight is a comprehensive guide aimed at helping practitioners, directors, and committee members navigate the complex responsibilities associated with corporate governance. Here is a detailed overview of the book:

Key Themes

1. Corporate Governance: The book covers the duties and responsibilities of board and committee members in various types of corporations, including ASX-listed companies, APRA-regulated entities, statutory bodies, cooperatives, and incorporated associations.
2. Legal Framework: It provides an in-depth analysis of the legal framework governing board and committee members, including commonwealth, state, and territory laws that impose duties and liabilities on directors and board members.
3. Best Practices: The book offers practical guidance on best practices for effective governance, including conflict resolution, addressing conflicts of interest, and evaluating board and executive performance.

Plot Summary

The book is structured to provide a clear and concise understanding of the duties and responsibilities of board and committee members. It includes:

• Foreword: An introduction that sets the context for the importance of effective governance.
• Chapters on Duties: Detailed chapters that outline the specific duties and responsibilities of board and committee members in different corporate settings.
• Case Studies and Examples: Practical examples and case studies to illustrate how the principles outlined in the book can be applied in real-world scenarios.
• Guidance on Governance Issues: Specific sections addressing common governance issues such as conflict resolution, performance evaluation, and relationship management between the board and CEO.

Critical Reception

The book has received positive reviews for its comprehensive and practical approach to corporate governance. Here are some key points about its critical reception:

• Usefulness: The book is intended to act as a useful guide for board and committee members to navigate their responsibilities effectively.
• Expertise: The authors, Bruce Cowley and Stephen Knight, bring extensive experience in corporate and governance law, which adds credibility to the book’s content.
• Relevance: The book is relevant for a wide range of corporate entities, making it a valuable resource for both seasoned professionals and those new to governance roles.

Publication Details

• Publication Date: The book was published in December 2017 by Thomson Reuters Australia.
• Authors: Bruce Cowley and Stephen Knight.
• ISBN: 9780455234397.

Overall, "Duties of Board and Committee Members" by Bruce Cowley and Stephen Knight is a seminal work in the field of corporate governance, providing a thorough understanding of the legal and practical aspects of board and committee responsibilities. Its comprehensive nature and practical examples make it an essential resource for anyone involved in corporate governance.