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The Peter A. Allard School of Law

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A Canadian Model Of Corporate Governance: Where Do Shareholders Really Stand?, Carol Liao Jan 2014

A Canadian Model Of Corporate Governance: Where Do Shareholders Really Stand?, Carol Liao

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This feature article in the Director Journal summarizes the findings from the report, "A Canadian Model of Corporate Governance: Insights from Canada's Leading Legal Practitioners," produced for the Canadian Foundation for Governance Research and the Institute of Corporate Directors (also available on SSRN).

In the report, interviews were conducted with 32 leading senior legal practitioners across Canada to opine on the fundamental principles that are driving the development of Canadian corporate governance. The report found that Canadian common law has made the process of considering stakeholders in the "best interests of the corporation" more overt, well beyond what is assumed …