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Inside Internal Controls

News and discussion on implementing risk management

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unpaid wages

Top 10 most read Inside Internal Controls posts 2016 & Season’s Greetings

We are signing off with a list of the top 10 most read Inside Internal Controls posts 2016. Privacy issues and director’s liability seem to have been hot topics this year with several blog posts on the topics making it on the list. The top 10 most read Inside Internal Controls posts 2016 Director’s liability […]

 

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Canadian corporate directors may be liable for unpaid wages

A recent arbitration decision out of the province of Quebec (available in French only) involving the director of a bankrupt corporation serves as a reminder that directors can be personally liable for unpaid employee wages, notice of termination, and vacation pay.

 

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Upcoming changes to the Uniform Unclaimed Intangible Property Act

The Canadian government established the Unclaimed Intangible Property Actin 1989 to create legislation around reuniting people and corporations with their unclaimed property, but that statute was not proclaimed in force. The Uniform Unclaimed Intangible Property Act, which arose in 2003, was created as model for each province in Canada to use as needed to design their own legislative framework for unclaimed property law.

 

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Identifying and managing the risks of corporate directorship

Do you know about the types of risk that corporate directors are increasingly facing? I’ve been talking quite a bit about various types of risk, and Earl Altman recently asked on First Reference Talks, When are directors liable to employees for debts of the corporation? A new guide looks at the main sources of risk that directors face and a number of strategies to reduce the risk.

 

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