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fiduciary duty

By Occasional Contributors | 4 Minutes Read May 28, 2019

B.C. benefit corporation update

We previously reported on how British Columbia may become the first jurisdiction in Canada to permit benefit corporations. A private member’s bill (Bill M 216) on benefit corporations was introduced in the 2018 Legislative Session and passed second reading, which is rare for a private member’s bill.

Article by Occasional Contributors / Business / benefit corporation, Community Contribution Companies, Community Interest Corporations, fiduciary duty

By McCarthy Tétrault LLP | 3 Minutes Read January 21, 2019

“Keep your hands clean”: Ontario Superior Court rules that an unfairly terminated fiduciary may owe a lesser degree of post-employment fiduciary duties

notice periodRecently, in the case of Palumbo v. Quercia 2018 ONSC 503, the Ontario Superior Court of Justice ruled that the restrictions on soliciting clients of a corporation will not be as strict for an unfairly terminated fiduciary.

Article by McCarthy Tétrault LLP / Employee Relations, Payroll / breach of fiduciary duty, employment law, fiduciary duty, soliciting customers, termination, wrongful dismissal, wrongful termination

By Occasional Contributors | 3 Minutes Read April 17, 2017

Ontario Superior Court comments on director and officer duties

A recent decision of the Ontario Superior Court of Justice addresses directors’ duties towards the corporation and its employees. Specifically, the court addressed whether a director or officer’s fiduciary duties extend to protecting an employee from the consequences of that employee’s own fraudulent acts.

Article by Occasional Contributors / Business, Not for Profit / board of directors, common law negligence, director, Duty of care, Duty of loyalty, fiduciary duty, négligence, officer, Ontario Psychological Association v. Mardonet, reasonable standard of care

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