Articles

Protect Yourself: Snapshot of Directors & Officers Duties, Liabilities, and Insurance

Oversight of protection for directors & officers against litigation may be one of the most important actions a business leader undertakes, yet this function is often overlooked. As a guest speaker at the Canadian Society of Corporate Secretaries (CSCS) annual conference in Montreal in August 2015, I outlined a key rule which surprised some attendees: D&O’s […]

Changing the world, one water well at a time

On July 4th 2015, The Globe and Mail Report on Business published a story on an initiative I’ve had the pleasure to lead. (1)  As Canadians, we are fortunate to be among the top four countries in the world with clean, drinkable water (behind Sweden, Austria and Norway). (2)  Sadly, 3.5 million people die annually from ingesting diseased […]

Quantifying What Keeps Leaders Awake at Night

It was a pleasure to be acknowledged as a contributor to an excellent paper appearing in the UK’s widely read “Governance” magazine, March 2015 Issue 249.1 In their article entitled “Risk Oversight”, esteemed colleagues Ghislain Giroux Dufort (of Baldwin Consulting) and Denis Lavoie (of VIA Rail) address how executives and directors of organizations can monitor […]

Regulatory Risk: Officers and Directors Face Big Personal Liabilities

I was pleased to be recently quoted in the covering story in the January 2015 issue of “Canadian Insurance”, however, the key message should be alarming for Canadian executives and directors. Recent adjudication by the courts relating to pollution clean-up costs at the now bankrupt Northstar Aerospace has left 13 executives and directors personally liable […]

Cyber Risks: Getting to Critical Investment Decisions

Leaders and directors of organizations are now inundated with grim statistics about cyber security risks and the consequences of not acting to protect their organizations. Therefore, why are cyber security investment decisions stalled in many organizations? In order to lead change in this area, the top people in organizations need to talk the talk, obtain […]

Auditing Business Risks

In this Commentary, we examine two corporate catastrophes which occurred within the last year, focusing on the damage done and on the ensuing personal risk to the directors and officers (D&O’s). In both cases, D&O’s failed to identify, manage and act on protection for stakeholders against the key risks. At the conclusion, we provide a […]

Gain Competitive Advantage Through Enterprise Risk Management

  On June 2nd, 8:30 am-noon  at the Albany Club in Toronto, at a session of the Canadian Society of Corporate Secretaries, I will be joined by John Fraser from Hydro One, and we’ll be jointly speaking on Enterprise Risk Management (ERM). Proactive organizations world-wide are gaining a competitive advantage through ERM, by targeting objectives with more […]

Escalating Management and Directors Liabilities

In This Issue: Escalating Management and Directors Liabilities Next week on May 13th, I will be on a panel addressing Directors Liabilities at a session being put on by the Institute of Corporate Directors. I’d encourage you to attend. The session will cover strategies for directors to limit their liabilities by making sure they take […]