Canada: Corporate Governance

When a publicly traded corporation contractually commits to advancing defense costs to its directors, can it refuse payment by alleging bad faith and demanding a preliminary evidentiary hearing? The Quebec Court of Appeal will now address this central question in corporate governance after granting leave to appeal a Superior Court decision that ordered Gildan Activewear to advance C$750,000 to ten former directors. This case examines the intersection of statutory indemnification provisions and mandatory con

Alternative practice structures (APS), already firmly established in the United States, are generating significant interest and activity in the Canadian market, particularly in regard to accounting firms.

Directors will be forgiven for feeling like AI is “everything everywhere all at once”. Yes, our reference to the 2022 Oscar winning film is intentional. Like the movie, AI defies easy categorization. It can be equal parts exhilarating and hallucinatory, impressive and uncomfortable.