June 20, 2024 - When is a board of directors permitted to withhold information from one of its members? Although the Canadian corporate statutes generally grant directors a blanket right to inspect board and committee minutes, there is uncertainty as to whether a board could nonetheless withhold from a director...
Guide
Governance Insights: Get Smart on Artificial Intelligence (AI) and Corporate Governance: Key Considerations for Boards of Directors
It has been one year since OpenAI released ChatGPT, arguably catalyzing today’s new wave of interest in AI. This surge of interest is driving substantial investments in AI technologies and a heightened urgency to address the use and regulation of AI. In today’s environment, where business teams may be motivated to push for rapid adoption of new AI-related technologies, corporate directors mindful of their duty to manage risk may seek to tread more cautiously.
In this edition of Governance Insights, we offer boards of directors and their advisers practical considerations for effectively harnessing the opportunities and managing the risks associated with the use of AI.
Key Contacts
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Bill S-285: A Canadian Contribution to the Stakeholder Governance Debate
June 11, 2024 - Senator Julie Miville-Dechêne recently introduced the 21st-Century Business Act (Bill S-285), a Senate public bill that proposes substantive amendments to the Canada Business Corporations Act (CBCA). The legislative proposal seeks to define the “purpose” of business corporations...
