LAW 533 Lecture Notes - Lecture 5: Environmental Impact Assessment, Constitution Act, 1982, Fiduciary
13 Feb 2018
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Document Summary
Extractive sector difference between extractive sector and any other sector, there is incredible variety when it comes to where you can go: with non-renewable sources (gas, nickel, gold etc. Coalition wants oil sands security (5-2: have operations in oil sands in alberta. Staff pension scheme: likely so be more socially/environmentally responsible, operated by and for workers. It is a proposal and bod has discretion as to whether or not to follow. Even if only a small % of shareholders support it, bod may follow. To avoid a lawsuit on basis of breach of fiduciary duty: bod have interest in long term benefits for corporation. False representations can have implications in contract and tort law. Investors can say that you failed to disclose a material fact, this business is opening themselves up to litigation for misrepresentation. Extractive: large potential for injuries: unions trying to argue that it infringes on their rights of privacy (random drug tests)
