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Directors likely to display more caution in wake of Mainzeal decision

Mainzeal judgment sets precedent for directors' personal liability.

The $36 million damages awarded against four Mainzeal directors will send a chill through the construction industry and make company board members much more cautious.

AUT Professor John Tookey says a lot of construction companies are running on zero profit margins for some periods of time.

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Graham Skellern Wed, 27 Feb 2019
Contact the Writer: graham@nbr.co.nz
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Directors likely to display more caution in wake of Mainzeal decision
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