First Reference company logo

Inside Internal Controls

News and discussion on implementing risk management

machine cogs image

Canada Business Corporations Act

Supreme Court clarifies test for personal liability of directors for oppressive conduct

The general principles articulated by the Supreme Court may help guide directors and counsel in considering whether corporate conduct could lead to personal liability in future cases.

 

, , , , , , , ,

CBCA amendments: Corporate governance changes

On September 28, 2016, the Canadian federal government introduced Bill C–25: An Act to amend the Canada Business Corporations Act et al. The proposed amendments are the culmination of the first substantive review of the Canada Business Corporations Act in 15 years and are the result of a consultation process initiated in 2013. The stated objectives of the proposed amendments are to, among other things…

 

, , , , , , , , , ,

Ontario Ministry’s expert report recommends big changes to province’s corporate laws

On July 9, 2015, an expert panel convened by the Ontario Ministry of Government and Consumer Services (MGCS) released their final report (the Expert Report) containing many broad recommendations on how to modernize Ontario’s increasingly outdated business legislation. The Expert Report dealt with laws relating to corporations, partnerships, secured lending and other commercial activities. Taken […]

 

, , , , , , , , , , , , ,

The future of insolvency

Industry Canada sought public input on the state and future of Canada’s insolvency legislation through early 2014. Interested parties can review the issues in the agency’s discussion paper on the statutory review of the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act.

 

, , , , , , , , , , , , , , ,

Federal government seeks input on Canada Business Corporations Act

canada-corporations-act-lexis-nexis

The Canada Business Corporations Act (CBCA) last underwent significant change in 2001, and Industry Canada believes conditions have changed enough since then that it’s time for another review. The department is accepting input until March 11, 2014, on the following topics…

 

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,