With its complex and evolving requirements, corporate governance is a critical concern for directors and officers involved with both private and public companies in Canada.
While acting in the best interest of the corporation with a view to maximizing profits was once sufficient to satisfy the obligations owed to the company, in today’s legal landscape, directors and officers may owe expanded duties to shareholders, employees, creditors and other corporate stakeholders.
The trend toward increased responsibility of oversight of the company’s operations has been met with a movement to hold directors personally liable for acts of the corporation.
Our experienced D&O team provides practical legal advice concerning these evolving governance standards and how best to avoid legal pitfalls when addressing the long-term strategies of the companies you serve. We are frequently retained to represent D&O liability insurers and their insured companies, directors and officers in the defence of claims brought by shareholders, co-directors, employees and other stakeholders concerning breach of fiduciary duty and breach of trust, oppression, derivative actions, strata governance, human rights complaints and matters concerning statutory compliance. We also have significant experience involving injunctions, including Mareva injunctions and Anton Pillar orders.
With decades of experience behind us, our team will provide practical advice on how best to protect against, and respond to, liability issues involving corporate governance and directors’ and officers’ liability.