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Cor­po­rate gov­er­nance: High Court con­firms its pow­er to cor­rect direc­tors’ inno­cent mistakes

In Brief In a recent case the High Court has acknowl­edged that inno­cent mis­takes can hap­pen in rela­tion to cor­po­rate gov­er­nance and has unan­i­mous­ly con­firmed the breadth of the Court’s pow­er to cor­rect such mistakes. Wein­stock v Beck ([2013] HCA 14) con­cerned a fam­i­ly busi­ness, L W Fur­ni­ture Con­sol­i­dat­ed (Aust) Pty Ltd (LWC), and a share­hold­er appli­ca­tion…