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On June 8, 2021, the Québec government passed Bill 78, An Act mainly to improve the transparency of enterprises which came into effect on March 31, 2023.

In October 2021, Ontario's Not-for-Profit Corporations Act, 2010 ("ONCA") came into force. Not-for-profit corporations in Ontario have three years to transition their governing documents to conform with ONCA.

The Ontario Superior Court of Justice recently made some observations about the evidentiary utility of fairness opinions in the context of arrangements.

On January 10, 2011, the Ontario Securities Commission ("OSC") released a staff notice which provides an update on the OSC’s review of shareholder democracy issues.

ESG practices have become key factors used to measure the sustainability and ethical impact of a business, especially when it comes to public companies.

Additional housekeeping amendments are also being proposed.

A corporation does not always sail in calm or safe waters. Cash shortages, unattainable or unmet goals, Board disagreements over the best course of action, ...

A Toronto-based newspaper and advertising company – and its director – were recently fined $90,000 and $10,000 respectively for failing to pay employees the wages they were owed...

The CCGG takes the position that this right, which is supplemental to a shareholders right to elect directors, "is an essential component of shareholder democracy".

We are excited to bring you another installment in our series exploring the Canadian Venture Capital & Private Equity Association (CVCA) model documents.

Securities regulatory authorities announced the final amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices and Form 58-101F1 Corporate Governance Disclosure.

The Federal Court recently released its decision in Miller v. Canada, upholding a $408,930.63 payment order against the director of a corporation for unpaid wages.

The jail terms imposed on two directors following a workplace fatality were overturned on appeal.

A recent Alberta Court of Queen's Bench decision held that directors may be personally liable for wrongful dismissal damages in certain cases.

Private equity funds that own British Columbia companies face an onerous, new administrative burden under recent amendments to the province's Business Corporation Act (BCA).

On November 12, 2019, staff of the securities regulatory authorities in Ontario, British Columbia, Quebec, Saskatchewan, Manitoba, and Nova Scotia (the "Regulators")...

In circumstances where a company issues a press release defending the actions of its board against accusations by dissident shareholders, the press release will not necessarily be considered a solicitation for the purposes of section 147 and 150 of the Canada Business Corporations Act, RSC 1985, c C-44 (the "CBCA").

In response to the state of emergency declared by the Government of Ontario on March 17, 2020, on March 30, 2020, the Ministry of Government and Consumer Services passed...