Feds’ corporate law reform may create more problems than it solves
Document Type
Editorial
Publication Date
6-20-2019
Abstract
The 2019 federal budget proposed a number of changes to the Canada Business Corporations Act. One in particular, which is expected to receive Royal Assent soon, would allow a corporation’s board of directors to consider the interests of certain prescribed stakeholders, the environment and the long-term interests of the corporation. While the intention may be to clarify and broaden the scope of directors’ duties to act in the best long-term interests of a corporation, the amendment’s muddled language may have the opposite effect. So instead of making it easier for a director to consider a company’s impact on the climate, it could make it harder.
Publication Title
Corporate Knights
Recommended Citation
Waitzer, Edward, "Feds’ corporate law reform may create more problems than it solves" (2019). Editorials and Commentaries. 194.
https://digitalcommons.osgoode.yorku.ca/public_writing/194