Directors are sometimes requested to sign waivers of notice, where a meeting of the Board of Directors has been convened with less than the statutory minimum notice. Are these waivers valid? Section 266 of CAMA provides as follows: (1) Every director shall be entitled to receive notice of the directors’ meetings, unless he is disqualified […]
Conflict of Interest A conflict of interest occurs when an individual is involved in multiple interests, one of which could possibly corrupt the motivation for an act in the other. It is inevitable that Directors will face situations of potential conflict of interest with the companies they serve. The “Agency Theory” postulates that Shareholders are […]