Corporate Disclosure of Loans to Directors: Report of an Empirical Study
Company and Securities Law Journal, Vol. 9, No. 2, April 1991
5 Pages Posted: 17 Jul 2009
Date Written: April 30, 1991
Abstract
This paper reports the results of a study of disclosure of loans made by listed Australian companies to their directors. Thirty six percent of the surveyed companies disclosed outstanding loans to directors. The author explores the implications of the results of the study, noting that the minimal disclosure requirements mean that in many instances, the purpose of the loan is not disclosed and where disclosure of the purpose of the loan is made, there is a lack of consistency.
Suggested Citation: Suggested Citation
Ramsay, Ian, Corporate Disclosure of Loans to Directors: Report of an Empirical Study (April 30, 1991). Company and Securities Law Journal, Vol. 9, No. 2, April 1991, Available at SSRN: https://ssrn.com/abstract=1435137
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