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The form of the register and the manner of preparing and maintaining it will be set forth in the regulations relating to these requirements.

As of January 1, 2023, private corporations regulated under the Business Corporations Act (Ontario) (the "Act") are required to prepare and maintain a register of individuals...

As the Supreme Court of Canada (the SCC) prepares to deliver its decision in Lundin Mining Corporation v Dov Markowich (Markowich), the legal community and corporate stakeholders are closely watching for implications...

Welcome to our seventh annual comprehensive report on diversity disclosure practices in Canada, covering disclosure by TSX-listed companies and CBCA corporations subject to disclosure requirements.

The recent British Columbia Supreme Court in Taprobane Group Holdings Ltd. v. Brownies Foods Ltd. is a warning to franchisors that the exemptions from franchise disclosure...

In Aujla v. R., the Federal Court of Appeal considered whether two brothers could be held personally liable, as directors of Aujla Construction Ltd. (the Company), for taxes owed by the Company under the Excise Tax Act, R.S.C. 1985 (the “Act”). Subsection 323(1) of the Act provides that if a corporation has failed to pay the amounts owing under the Act, the directors of the corporation at the time of such failure may be liable for the amount.

It is not in dispute that the role of the board of directors is to provide oversight of management and advise on the strategic direction of the corporation.

With 2016 upon us, boards are likely to reflect on the organizational challenges they expect to face in the coming year, and to develop effective strategies to tackle these challenges.

A recent decision of Justice Wilton-Seigel, CHU de Québec-Université Laval v. Tree of Knowledge International Corp., 2024 ONSC 3541, helps to re-affirm the difference between veil piercing and direct personal liability of corporate directors and officers.

The Toronto Stock Exchange has approved amendments to the TSX Company Manual relating to director elections.

In a move that may encourage shareholder activism and increase the potential for proxy contests, the SEC has voted to propose amendments to the U.S. federal proxy rules.

When lending to corporations, commercial mortgage lenders often require personal guarantees from directors, shareholders, or beneficial owners.

In keeping with the customs of our system of law, the legal recognition of corporations and their evolution brought with it judicial decision-making which cast a common law standard respecting dealings by directors and officers with their corporation.

When a business is not doing well and the directors are concerned that they will be left with its liabilities, the directors should consider whether it makes sense to resign.

Increasingly, cybersecurity is at the top of the agenda for most hospital boards, audit/risk committees and senior management teams.

The Canadian federal government's Minister of Transport, Marc Garneau, announced on November 3, 2016 that the government of Canada plans to raise the cap on foreign ownership of Canadian airlines.

On Jan. 1, 2023, amendments to the Business Corporations Act (Ontario) (the OBCA) came into effect, requiring private Ontario corporations (a corporation) to create and maintain a register...