Corporate Indemnification and Directors’ and Officers’ Liability in Canada

There is not a lot of Canadian precedent regarding corporate indemnification of directors and officers, and therefore, I would like to bring your attention to Jolian Investments Limited v. Unique Broadband Systems Inc., 2011ONSC3241, here. Some may consider this a win for directors and officers, because Marrocco, J., held that the corpor...
Posted: 5/25/2012 9:20:24 AM by MSI

Asked to be on a Board of Directors?

What are the next steps? Personal contractual indemnification from the corporation (don’t just rely on the bylaws),   Determine biggest risk from the operations and make sure they are adequately insured and other risk management tools are in place and active for these exposures,   Request a copy of the ...
Posted: 5/18/2012 2:44:41 PM by MSI

Directors’ and Officers’ Insurance – Entity Coverage and the Blogosphere

Recently, while perusing the Canadian D&O Blogosphere, I came across the website of an Ontario insurance broker, who pointed out that “not all D&O policies provide Entity Coverage” and that that coverage is “critical to your insurance program.” It ends with “if your broker can’t do this… find on...
Posted: 11/2/2010 12:00:00 AM by Global Administrator

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