The three popular articles this week on HRinfodesk deal with: The federal government's consultation launch on the Canada Labour Code to provide federally regulated workers more flexibility in their work hours; a matter where the Ontario Court of Appeal deemed that an employer's financial circumstances is no excuse for unreasonable notice; and a matter that deals with the Ontario Labour Relations Board's jurisdiction over medical marijuana.
Archives for June 2016
The recent increase to Employment Insurance benefits for Compassionate Care Leave from 8 weeks to 28 weeks has given most employees in Canada the ability to care for seriously ill loved ones without jeopardizing their employment for up to 28 weeks. In addition to compassionate care leave most provinces also provide for critically-ill child care leave and some family responsibility leave enabling employees to cover the periods of illness of family members. So why don’t most provinces offer the same job protection to sick employees?
I think we all know that the board is supposed to have a majority of independent directors (at least in public companies) and to challenge the executives running the organization. That is what “oversight” means.
But the board is also supposed to work with those same executives, sharing their insights and experience to complement that of the CEO and his team.
Often, and I have seen this many times, the board finds it difficult to exercise what one might call professional skepticism in listening to the management team. As they look at the CEO and CFO, they see people just like them – one of their class, just perhaps a little younger.
Yet, professional skepticism is needed – and it is their legal obligation.
Recently, a good friend mine, Diane Frankle of Kaye Scholer, touched on this as she analyzed a case involving Yahoo! and the compensation of an executive… Continue reading “The obligation of the board to challenge management”