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The Supreme Court of Canada's ('SCC') decision in Wilson v Alharayeri1 confirms that corporate directors, as opposed to the corporation itself, may be held personally liable in cases of oppressive [...]

21 days to act! A company director who receives a statutory demand for payment from a creditor and fails to act appropriately, within 21 days from receiving it, can have [...]

INTRODUCTION Over the years, the Securities and Exchange Board of India ('SEBI') and Ministry of Corporate Affairs are continuously focusing on incorporating corporate governance principles into the regulatory framework governing [...]

Corporate directors are typically charged by law, convention and societal expectations to bring effective supervision and management to the affairs of the enterprise. The ultimate goal is for management to [...]

The Commonwealth Government has released draft legislation1 that proposes significant amendments to the Corporations Act 2001 (Cth) (Corporations Act) by introducing: a 'safe harbour' regime for company directors from personal [...]

Cyber risk management is an increasingly important challenge for organizations of all kinds and sizes. Corporate directors have a legal responsibility to ensure that their corporations have appropriate cyber risk [...]

It is often assumed that an officer (or Director) of a company cannot be found to be guilty of an offence that the company committed, however in Western Australia, they [...]

On January 19, 2017, the Canadian Securities Administrators (CSA) issued Multilateral Staff Notice 51-347 disclosure of cyber security risk and incidents. The Staff Notice only applies to reporting issuers, but [...]

The Board of Governors of the Federal Reserve System ('FRB') requested comments on a proposal to revise the capital plan and stress test rules for bank holding companies with total [...]

When Louis A. Aguilar was a commissioner at the Securities and Exchange Commission, he helped organize the SEC's March 2014 roundtable to discuss the cyber risks facing public companies. The [...]

A criticism often voiced of the political classes is that so few of their members have held down 'real jobs' in business or industry. Perhaps we should be grateful. For [...]

Standing his ground against the opposition of some major shareholders and several directors, Stephen M. Case is expected to keep his job as chairman of AOL Time Warner at the […]

Old guard board member's of software company Lernout and Hauspie Speech Products NV successfully ousted CEO John Duerden after heated a Jan 16, 2001 board meeting. Tensions had been mounting in the company over Duerden's efforts to investigate the alleged accounting fraud plaguing the software company. The board has installed Philippe Bodson as the new CEO and Chief Technology Officer and co-founder Jo Lernout has resigned his board seat. Share- and bondholders in the company, who have lost billions in the fraud, may be angered by the board's decisions.

The board of Abbey National P.L.C. rebuffed a takeover offer from Lloyds TSB Group today, setting the stage for Lloyds to appeal directly to Abbey's shareholders. The approach from Lloyds […]

Byline: Ben Adoga Abuja, Nov 07, 2007 (Leadership/All Africa Global Media via COMTEX) -- The Senator Hambagda committee on Ethics, code of conduct and public petitions which had summoned leading […]

Sep. 28--Hewlett-Packard General Counsel Ann O. Baskins resigned today and told a Congressional subcommittee investigating HP's boardroom leak scandal that she would invoke her Fifth Amendment privilege and decline to [...]