Many of our readers will be interested in following the new "directors' duties" series on our M&A blog. The first post in the series, by Alan D'Silva and Genna Wood of our Toronto office, is a refresher on six basic concepts that every board member needs to know: the duty to manage, the fiduciary duty, the duty of care, the business judgment rule, conflict of interest and oppression. Future posts in the series, to be published over the coming months, will delve more deeply into specific issues of ongoing concern to members of Canadian corporate boards.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
