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family run business

By Andrew Taillon | 2 Minutes Read February 16, 2011

Dealing with the shareholder employee

It is not uncommon in smaller family run or closely held businesses to have a situation where a key employee is also a significant shareholder in the business. However, this can create significant issues if the relationship with the employee changes, particularly if the relationship deteriorates. This is because such employees are subject not only to employment laws, but also can take advantage of shareholder protections.

Article by Andrew Taillon / Employment Standards / employment contract, employment law, employment relationship, family run business, oppression remedy, shareholder protections, wrongful dismissal

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