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Directors And Standards: The Problem Of Insufficient Guidance, Nikolas Sopow

Electronic Thesis and Dissertation Repository

This thesis identifies two areas within Canadian corporate law where the case law has provided insufficient guidance, and tests the usefulness of an American theory of director liability as an aid to understanding this case law and the legislation it interprets. This theory has been termed the “implied contract approach”, and was developed by Robert J. Rhee. The two areas concern: if and when directors must consider the interests of stakeholder groups, otherwise known as the “stakeholder debate”, and when directors should be protected from personal liability when acting in the course of their duties.