Canadian coverage, focused on conflicts of interest, with verified short holdings, original analysis and links to the underlying sources. A publication date isn't the same as a decision date. The dates below identify which is shown.
4 verified publications. Showing the 4 most recent.
The Supreme Court dismissed the trustee's appeal. Directors owe their statutory fiduciary duty to the corporation rather than directly to its creditors, although creditors' interests may be considered. The Wise directors did not breach the applicable duty of care on the facts.
British Columbia's strata council guidance makes good faith, prudent decisions and managing conflicts central responsibilities. Familiarity among neighbours doesn't displace those duties.
Federal corporate law makes disclosure of certain material interests an actual board obligation. Directors need a process that separates personal relationships, decision-making and the record of what occurred.
When a nonprofit director's business bids on an organizational contract, good intentions aren't enough. The board needs disclosure, independent judgment and a record of how the decision was made.
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