T: 416-862-4836 email JulieView full profile.
T: 613-761-2424 email CharlesView full profile.
T: 416-862-4837 email RichardView full profile.
T: 416-646-4894 email GiselleView full profile.
T: 613-217-8521 email John View full profile.
T: 416-862-4825 email MatthewView full profile.
T: 416-862-4826 email JohnView full profile.
T: 416-862-4827 email Raeya View full profile.
T: 416-862-4820 email MarcView full profile.
T: 416-862-4831 email CarlView full profile.
T: 416-642-4874 email AlessiaView full profile.
T: 416-862-4822 email DonnaView full profile.
T: 416-862-4829 email AnandView full profile.
T: 416-862-4828 email JacquelynView full profile.
T: 416-862-4835 email MadihaView full profile.
T: 416-862-4830 email JoannaView full profile.
Environment • Aboriginal • Energy
Environmental liability for directors and officers is well established. Federal and provincial statutes in Canada impose statutory duties on directors and officers to take all reasonable care to prevent the corporation from contravening environmental legislation. Directors and officers have also been held civilly liable under causes of action such as negligence, nuisance, and strict liability for environmental harms.
Director and officer liability for climate change-related risks is less clear. Even in the middle of the Covid-19 pandemic, concerns remain about climate change. Investors continue to closely track climate change disclosure and associated corporate governance practices. Inadequate disclosure of climate change risk, coupled with a lack of good governance, could be the basis for a new wave of liability for corporate directors and officers.
Read the full article here