Articles

The GDPR: 5 Myths Dispelled

Since its adoption in April 2016, the European Union’s (“EU”) General Data Protection Regulation (“GDPR”) has been a hot topic, particularly because of its broad scope and the heavy fines for contravening it. Nearly two months after coming into force, and despite the numerous articles written about it, the GDPR is unfortunately still poorly understood and has given rise to many questions. It is shrouded with many persistent myths (five of which will be dealt with below) that must be dispelled to allow Canadian enterprises and organizations that may be subject to it to set about complying with it.

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Duties and Obligations of Directors: a Brief Overview

The duties and obligations of directors are at the heart of sound corporate governance. A great deal has been written over the years about how they apply in practice, and their guiding principles have been established and revisited in several major judgments. The leading decisions of the Supreme Court of Canada in Peoples and BCE among others are excellent guides on the directors’ duty of care and diligence (“duty of care”) and the duty of loyalty, which are provided for in the Canada Business Corporations Act Quebec’s Business Corporations Act, and the Civil Code of Québec. The purpose of this article is to provide a brief overview of these concepts and how they are applied It will also canvass a few examples of statutory obligations that directors should be aware of, as in certain cases their civil or even criminal liability may be presumed.

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