Cayman Islands: Law Reform Commission update on directors' duties project

The Law Reform Commission has recently published an update on its current work programme, including its project on directors' duties: see here (pdf). The Commission states that it plans to publish a consultation paper discussing, amongst other things, directors disqualification and indemnification. It also notes that the majority of those responding to its consultation last year on the codification of directors' duties were against any form of codification.