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Inside Internal Controls

News and discussion on implementing risk management

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Blockchain: Just because it’s a buzzword doesn’t mean it’s not the future of the supply chain

In the 2018 contaminated lettuce incident, what if it had been possible to trace the exact path of each shipment of lettuce and then remove from the marketplace only those products that could reasonably have been affected? With blockchain, that would have been possible.

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Overseas claims for foreign environmental harm: Vedanta and the Canadian context

Last month, in Vedanta Resources PLC & Another v. Lungowe & Others, the UK Supreme Court allowed Zambian citizens to proceed with a claim in the UK against a UK-based mining company for environmental contamination allegedly caused by its Zambian subsidiary. As our colleague Lee McBride has recently written, this landmark decision will be of particular interest to multinational parent companies headquartered in the UK.

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An ounce of prevention

As lawyers, we are often contacted when a dispute arises amongst members of an association. Inevitably, the dispute will devolve into a review of the legality of the actions of one or both sides

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Which way is the true Agile?

When I started this article, I was looking for a catchy, colorful image to depict the “Agile Methodology”. After about 30 minutes, I started to realize that my fruitless search was actually confirming the entire basis of my article; that Agile is now being used as just another catchphrase or gimmick to convey that a project is up to date on the latest and greatest in newer methodologies for IT transformation. However, I hope to show you that Agile is more than just a trendy process and is also not “new” per se, despite how on-trend its adoption is in today’s business automation projects.

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Making intelligent and informed decisions around cyber

The experts continue to bombard us with their advice, insight, and guidance for addressing cyber.

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Financial Stability Board delivers report on financial stability implications of decentralised financial technologies

On June 6, 2019, the Financial Stability Board (the “FSB”), an international body that coordinates the work of national financial authorities, published a report on “Decentralised financial technologies” in response to a request by the Japanese presidency of the G20.

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Going overboard on overbreadth

Under the doctrine of overbreadth (also referred to as “claims broader than the invention” and “covetous claiming”), a patent is invalid if its claims extend beyond the invention. While seemingly a straightforward idea, there is a lack of clarity for how such an allegation of invalidity is approached by the Court.

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GAAP closes gaps in interpreting financial information

Generally accepted accounting principles (GAAP) closes gaps in interpreting financial information, by providing rules for the financial reporting road.

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CEOs are not idiots when it comes to risk management

If you consider the small number of organizations where risk management is considered as providing a strategic advantage, one of these alternatives must be true:

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Payments Canada proposes new rule for debit payments

Payments Canada recently announced a proposal for a new rule (the Proposed Rule) aimed at increasing the availability of point-of-service (POS) debit card acceptance in Canada. The underlying goal of the Proposed Rule is the transition towards digital payments and decreasing reliance on cash transactions.

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Franchise article series: Franchising and intellectual property

This article is part of a series of articles that document some key considerations about franchising, including some of the pitfalls and the opportunities.

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Dramatic changes to the CRA Charities Listing

CRA has recently updated its Charities Listing and the most notable change is the fact that they have reduced the amount of information available on each Canadian registered charity.

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Jurisdictional expansion of BC’s Civil Resolution Tribunal to societies: A new avenue of dispute resolution

Effective July 15, 2019, a variety of society disputes (defined as “society claims” under the relevant legislation) may be resolved by the B.C. Civil Resolution Tribunal (“CRT”) instead of the B.C. Supreme Court.

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If risk management is the answer, what is the question?

We need to stop coming up with new words and phrases when all we need to address is the effectiveness of management. So stop talking about ERM, IRM, or even objective assurance, and start thinking about how to obtain reasonable assurance that the management of the organization, including how it sets objectives and makes related execution decisions, is effective.

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Transportation pilot projects in Ontario and British Columbia

Recent technological advances in self-driving cars, e-scooters and electric low-speed vehicles are rapidly changing the nature of personal and commercial transportation. While some laud such technology as convenient, inexpensive, and environmentally-friendly alternatives to traditional means of transportation, others are concerned about the safety ramifications of their presence on roads.

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