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Lecture 1

LAW 604 Lecture Notes - Lecture 1: Canada Business Corporations Act, Co-Determination, Accounting


Department
Law and Business
Course Code
LAW 604
Professor
Tim Storus
Lecture
1

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

 
!" #$
%&&'
()
$"$ 
$$*+$$"
*,$$"-
""""$
*
. ./$0+*1)2 -$
 12  3"
$"!
4"$$$"*
$$"
 "*
5""$"$46*+
*.$*Partnerships are
dealt with on page 41.
+78"$
"$*+"""
$"9*
Canada Business Corporaons Act (remember to look at gures in powerpoint)
102.1)2Subject to any unanimous shareholder agreement, the directors shall manage, or
supervise the management of, the business and aairs of a corporaon
122.1)2Every director and o!cer of a corporaon in exercising their powers and discharging
their dues shall
(a) act honestly and in good faith with a view to the best interests of the corporaon; and
(b) exercise the care, diligence and skill that a reasonably prudent person would exercise in
comparable circumstances*
$
:$*;$" *+
<0"
312'
" *
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