{"id":24641,"date":"2011-09-14T07:22:35","date_gmt":"2011-09-14T11:22:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24641"},"modified":"2011-09-14T07:22:56","modified_gmt":"2011-09-14T11:22:56","slug":"weavering-case-%e2%80%98abhorrent%e2%80%99-says-local-directors%e2%80%99-body","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2011\/weavering-case-%e2%80%98abhorrent%e2%80%99-says-local-directors%e2%80%99-body.html","title":{"rendered":"Weavering case \u2018abhorrent\u2019 says local directors\u2019 body"},"content":{"rendered":"<p>Cayman News Service &#8211; Following its review of the recent \u2018Weavering\u2019 case where a judge condemned the role of the directors in a hedge fund case and awarded millions of dollars of damage against them, the Cayman Islands Directors Association (CIDA) said the case illustrates the need for professional independent directors.<\/p>\n<p>Pointing out that neither of the directors of the Cayman registered fund were based here nor were they members of CIDA the president said had they been the men would have been subject to the association\u2019s code of conduct requiring them to \u201cdisplay duties of care and diligence\u201d  whilst acting  \u201ctruthfully and honestly.\u201d<\/p>\n<p><a href=\"http:\/\/www.caymannewsservice.com\/finance\/2011\/09\/13\/weavering-case-%E2%80%98abhorrent%E2%80%99-says-local-directors%E2%80%99-body\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cayman News Service &#8211; Following its review of the recent \u2018Weavering\u2019 case where a judge condemned the role of the directors in a hedge fund case and awarded millions of dollars of damage against them, the Cayman Islands Directors Association [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24641","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24641"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24641\/revisions"}],"predecessor-version":[{"id":24643,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24641\/revisions\/24643"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}