Directors of corporations can be required to pay source deductions which are actually owed by the corporation. Obviously this is not desirable and only occurs when the corporation is not able to pay their own bills. When a director is assessed by CRA to pay a corporate debt personally, it is referred to as derivative […]
Efficient organizations use committees to get the work done. The proper committees will make it easier for the group to achieve their goals. We should think of committees as needing the same structure as boards. I have a form that has proven to be useful in documenting the terms of reference for a committee. The […]
The recent report on diversity also spoke to term limits. 21% of public companies in Canada have term limits. The reason that term limits came up in the diversity report is that as directors leave the board, the hope is that their replacements are a more diverse group. In general, if a board has had […]
The Canadian Securities Administration monitors public companies in Canada. They are keeping an eye on gender diversity and report once a year. The reports’ full title is: Report on Fifth Staff Review of Disclosure Regarding Women on Board and in Executive Officer Positions. The report only talks about gender diversity. There is obviously more types […]
This tip is coming out on Halloween so it seems appropriate to talk about Halloween. I recently spent time in Montreal and the Quebec provincial government is embroiled in a controversy about allowing people to wear religious symbols at work. Halloween is not a religious event so those provincial rules do not apply, but some […]