Another significant potential area of personal liability for directors and officers of business corporations in Ontario to consider arises as a result of 200+ laws of all levels of government that have provisions imposing...more
- Directors Officers Personal Liability
Under Ontario’s Business Corporations Act, a corporation has the rights, powers and privileges of a natural person. This means that a corporation can sue and be sued and will own assets and incur liabilities. Operating a...more
- Corporate Veil Directors Officers Ontario's Business Corporations Act
At law, a corporation is a separate legal entity with its own assets and liabilities. In broad terms, the duty of a director is to be responsible for the management and governance of that corporation. The interplay between...more
- Board of Directors Officers
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