Foreign Corruption and Director Liability Risk in Canada

There have been few cases under Canada’s 14 yr old CFPOA – Corruption of Foreign Public Officials Act -  but the risk, to Canadian companies and their directors and executive management, of an investigation is getting far more press now than only a few years ago. Corporate Canada is not exactly widely known for disclosure and tr...
Posted: 1/10/2014 5:41:52 PM by MSI

Employee Theft (aka Fraud, Fidelity, White Collar Crime) in Canada

Here is another good example that Canadian companies are not immune to employee theft. The Toronto Star reports, here, of Controller Timothy Rodkin, 42, sentenced to five years for defrauding his employer, a medical research firm. The reported value of the loss was $12 million, but even with that amount of loss, in a private company, a for...
Posted: 5/22/2012 10:35:05 AM by MSI

Systemic Loss

Here is some new press that should be viewed as a great reminder of risk of systemic loss in any industry.  It is also a great example of an accepted practice being judged in hindsight as unacceptable. MetLife Settlement Near $500 million, here.  This is the CBSNEW.com version, but there are many others available.   As fa...
Posted: 4/26/2012 2:48:22 PM by MSI

Fund Management Risk and Class Actions in Canada

This recent decision by the Court of Appeal For Ontario will (or should) have fund managers and other regulated professionals on the edge of their seats. On January 27, 2012, in Fischer v. IG Investment Management Ltd., 2012 ONCA 47, here, Justices Winkler C.J.O., Epstein J.A. and Pardu J., determined that both lower courts erred in their consid...
Posted: 2/16/2012 4:27:10 PM by MSI

WHY AUTO INSURANCE IS SO EXPENSIVE

There are many documented cases of auto insurance fraud (see G&M article, here, and Project 92),  in Ontario, and fraud is a major contributor to our auto insurance premiums. Much of this fraud loss exploits the “Accident Benefits” portion of coverage. Accident benefits coverage is an extremely important part of insuran...
Posted: 10/5/2011 12:00:00 AM by Global Administrator

Bribery and the Board in the Insurance Broker Business

Between the FCPA, UK Bribery Act and the CFPOA there are many new cases in the bribery landscape. However, there is a very recent case involving a multinational insurance brokerage. This case is not categorized as a direct bribery issue, but rather a failure to prevent bribery. The Financial Services Authority (FSA) announced last week,here, tha...
Posted: 8/1/2011 12:00:00 AM by Global Administrator

Displaying results 1-6 (of 8)
 |<  < 1 - 2  >  >| 
Blog posts

Tags

-, &, (British, (Supreme, :, 168, 198, 31-103, 41-101, 41-103, 45-102, 45-106, 51-102, 51-106, 52-109, 65, A, AB, Accident, Accountant, accountant’s, Acquisitions, Act, action, adequacy, Adequate, Advice, advisor, Advisors, Aggregate, aHead, Al, Allocation, amendments, AML, and, anti-bribery, anti-money, Appeal), arbitration, Articles, asked, asset, Attacks, auditor, Auto, Aviva, Avoiding, awareness, backup, Bank, bankruptcy, Banks, bcca, benchmarking, Benefits, Bill, Bond, breach, Breaches, Bribery, Brito, broadband, Broker, Brokerage, Brokers, Business, Bylaws, BYOD, C-28, c-45, Canac, Canada, Canada), Canadian, Car, care, Cars, case, cause, CBC, certification, CFPOA, CGL, Chartis, CI, City, claim, Claims, class, clients, Collar, Collections, Columbia, Commercial, commmunications, Community, company, Competition, Compliance, conditions, Conference, consumer, Continuity, contract, Contractors, Contractual, Control, Corporate, Corruption, Costs, Cottage, Court, Coverage, coverages, Crime, Crime , Cromwell, CSA, CSPE, Curruption, Cyber, CyberRisk, Cyber-Security, D&O, Damage, DANDO, Data, Dealers, Decision, decisions, defence, Defend, Designers, DesignThinkers, Director, Directors, directors’, Directorship, disclosure, dishonesty, dismissal, driving, Duties, duty, E&O, eando, election, Elite, Embezzlement, EMD, employee, Employment, Energy, enough, Entity, EPL, Errors, example, Examples, Excess, Executive, Executives, exempt, Extortion, Facie, FCPA, FIB, fidelity, fiduciary, Financial, fines, Fischer, Flooding, Follow-Form, for, franchise, Franchisor, Fraud, fund, Funding, Funds, Game, gatekeepers’, General, Governance, Graphic, Greg, Griffiths, Growth, Hacking, Head, health, high, Home, Homes, Housing, How, HR, human, IBC, Identity, IFRS, IG, IMAX, in, Indemnification, Independent, indeterminate, Individuals, Information, Injury, Insider, Institution, Institutions, Insurance, investigation, investigations, Investment, irectors’, is, IT, J, Jobs, jolian, K&R, Karigar, Kevin, Kidnap, Kitchen, LaCroix, laundering, lawyers, Layering, Learn, Liability, limit, limits, lines, Litigation, long, Long-Term, look, Loss, M&A, Magazine, Managament, Management, Managers, Mansions, market, Media, mediation, Mergers, misrepresentation, Mitchell, month, Morrison, Mortgage, MTO, much, mutual, National, negligence, net, Network, new, News, NI, Niko, Non, notice, occupational, Occupy, Occurrence, ODL, of, officer, Officers, officers’, Offices, OHSA, Omissions, Ontario, OSC, Outside, PanamaPapers, Partners, Payments, PCMLTFA, penalties, Pennyfeather, Pension, Personal, Physician, Piercing, PIPEDA, Plan, PlatinumPro, policy, Practices, premiums, Presumptive, Prevention, pricing, Prima, Priority, Privacy, Private, products, Professional, Profit, program, Properties, Property, proposed, prospectus, Prosperity, Protection, protections, Ransom, reasonable, receivership, Recovery, Registered, regulatory, Reputation, Reputational, rescission, resident, Resources, restoration, Retail, review, RGD, Rgesitered, Risk, Rosen, rules, Ryan, SABS, Safety, sandham, scc, Seasonal, secondary, Secruity, Secuirty, securities, securitized, Security, Service, Severability, sewer, Share, Sherbourne's, Shields, Side, Silver, sino-forest, Small, SNC, SNC-Lavalin, Social, Society, Solar, solicitor-client, Sponsor, Ssndham, statistics, Statutory, Stores, storm, Subsidy, Supplier, Support, Supreme, Tagged:, tail, the, theft, Threats, Timminco, Tips, tires, to, Top, Toronto, Trading, trapeze, trust, tsx, UK, Uninsured, unique, v., Valuable, Valued, vehicle, veil, watch, Water, Whistleblowing, White, Wiki, Willis, Wine, Winter, within, without, worth, wrongful, XBRL