As we
previously noted, many of our readers will be
interested in following the new series of posts on directors'
duties on our
Canadian M&A Law blog. The second
installment in the series, by
Tania Djerrahian and
Vanessa Coiteux, discusses some of the key
issues that directors need to focus on in the rapidly developing
area of cybersecurity. Among other things, the post considers
cybersecurity concerns that have been expressed by securities
regulators and proxy firms and provides some tips on how to respond
to them with an effective cybersecurity strategy.
The
first post in the series provided a refresher
on six basic concepts that every board member should be aware of:
the duty to manage, the fiduciary duty, the duty of care, the
business judgment rule, conflict of interest and oppression.
Future posts in the series, to be published over the coming months,
will examine other specific issues of ongoing concern to members of
Canadian corporate boards.
