reconsidering their roles in the wake of the recent Centro Federal Court

case. The court found the property giant's directors responsible for an

accounting mistake that almost caused the company's collapse in 2007.

In their defence, the board members said they had relied on the

auditors. Michael Peters, an expert in Business Law and Taxation at the

Australian School of Business, says the implications of the decision are

onerous and potentially will diminish the pool of talent for

directorships, keeping women and minority groups out of boardrooms.