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Directors' and Officers' Liability: Recent Developments of Importance by Aaron S. Emes
Torys LLP - Toronto Office
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September 30, 2009
Previously published by 2009/2010 Lexpert/CCCA Corporate Counsel Directory and Yearbook, 8th Edition, September 2009 on 2009
Important developments have taken place in Canada recently regarding the potential for directors and officers to incur liability, specifically in the areas of (i) timely disclosure obligations; (ii) the duties of directors and officers in the context of a company that is up for sale; and (iii) the ability of directors and officers to receive indemnification payments from the companies they serve. Each of these topics is discussed in detail below along with a brief update on civil statutory liability for continuous disclosure violations.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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