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Directors' liability under the Business ... - Ontario
- https://www.ontario.ca/page/directors-liability-under-business-corporations-act
- Mar 27, 2019 · Directors of a corporation are jointly and severally liable to the employees of the corporation for all debts not exceeding six months’ wages and up to 12 months’ vacation pay (Section 131). Every director must act honestly and in good faith with the best interests of the corporation in mind when exercising powers and discharging duties (Section 134(1)).
Personal Liability of Officers and Directors Under Ontario ...
- https://www.bbo.on.ca/blog/personal-liability-construction-legislation/
- Jan 17, 2019 · Personal Liability of Officers and Directors Under Ontario’s Construction Legislation. A common misconception in the construction industry is that officers and directors of a corporation cannot be held personally liable for the financial indiscretions of the corporation, when in fact they can.Estimated Reading Time: 2 mins
Director & Officer Liability: 8 Tips for Protecting Your ...
- https://www.lerners.ca/lernx/director-officer-liability-8-tips-for-protecting-your-personal-assets/
- Mar 31, 2012 · It is still a basic principle in our corporate law that employees, officers and directors are not personally responsible for the debts of a corporation. All business corporation statutes, however, impose a standard of conduct upon directors and officers and if directors or officers fall below that standard they will be exposed to personal liability.Estimated Reading Time: 11 mins
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