The Directors' Cut: Lunch with Graham Bradley

Swings and Roundabouts in the Property Sector

There are few directors today who are not aware of Centro's problems and who have not discussed what can be learnt by their own boards. The Federal Court's verdict against eight directors and former executives of Centro Properties Group was highlighted as a "landmark" decision. The case was widely reported as having serious implications for company directors – there was even talk of boardrooms emptying overnight.

Today, with boardrooms still well populated, most observers agree the case was less about adding to directors' responsibilities than reminding them of the ones they already had. One of the reasons for the collapse of Centro was that the Board made assumptions that underpinned their strategy, and as the GFC unfolded, these assumptions were proven to be wrong.

Join Graham Bradley FAICD and our panel, giving the Director's perspective on the lessons learnt from the GFC and challenges and issues for boards, these include:

• How boards manage the roller coaster of the business cycle
• Striking the right balance between growth and risk
• How market sentiment can impact corporate strategy
• Funding growth
• The role of brands in stakeholder management

Panel
Graham Bradley FAICD, Chairman, Stockland Corporation
Paul Sadleir FAICD, CEO, Cedar Wood Properties
Gene Tilbrook FAICD, NED, GPT Group