On June 28, 2012, the Ontario Securities Commission
("OSC") issued a notice to the effect that when OSC staff
recommends that the Director refuse, amend, or suspend an
individual either already registered or seeking registration under
the Securities Act (Ontario) (the "Act"), or when OSC
staff recommends imposing terms and conditions on an
individual's registration, the staff will send a letter
providing written notice of its recommendation and brief reasons
for it (the "Letter of Brief Reasons") not only to the
individual registrant but also to the registrant's sponsoring
firm. In the staff's view, providing registered firms with the
Letter of Brief Reasons will promote the accuracy and completeness
of information provided in respect of individuals they sponsor.
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On Thursday, September 22, 2016, Dentons hosted a panel discussion about the management of liabilities and risks associated with environmental crises, including potential liabilities for directors and officers and provided insight into risk and liability techniques associated with environmental crisis management.
Under the Income Tax Act, the Employment Insurance Act, and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions or GST.
Under the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions.
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