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Inside Internal Controls

News and discussion on implementing risk management

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Gowlings

Being accountable: Fiduciary duties and the business judgment rule

On July 10, 2014, the Ontario Court of Appeal released an important decision regarding corporate governance and shareholders rights. In the case between Unique Broadband Systems Inc. and its former CEO and director, Gerald McGoey, the Court of Appeal clarified the fiduciary obligations on the part of officers and directors of both private and public companies as well as the limitation on the business judgment rule that limits a Court from “second guessing” decisions of management.

 

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Copyright notice and notice regime to come into force

The Government of Canada has announced that the “Notice and Notice” regime established by Bill C-11, “An Act to Amend the Copyright Act”, is expected to come into force in January 2015. The amendments will provide for a mandatory notification scheme for online copyright infringement.

 

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