ESSAY Question

In 2023 New Zealand added a new subsection to theNZ Companies Act 1993(subsection 131(5)) to expressly state that directors "may consider matters other than the maximisation of profit (for example, environmental, social and governance matters)" in meeting their duty toact in the best interests of the company. Should such anamendment be adopted in Australia in relation to section 181 of theCorporations Act 2001(Cth)?

Your should discuss

* how section 181 of the Corporations Act is currently interpreted

* whether a requirement should be added to take account of environmental, social and governance issues

* the reasons for your position.

You essay should NOT discuss theNZ Companies Act 1993.