Determining the criminal liability of an organization such as a corporation involves unique difficulties. Section 22.2 of the Criminal Code makes an organization a party to an offence through the acts of its senior officers acting within the scope of their authority. Section 22.1 of the Criminal Code sets out circumstances in which an organization […]
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Directors and officers of a corporation are subject to various duties including certain federal and provincial statutory duties that apply generally to carrying on a business and under the statute governing the corporation. In a number of instances, a director or an officer can be held personally liable for failing to fulfill these duties. Officers
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A corporation is a separate legal entity, distinct from its shareholders and management, that can hold property, carry on business and incur contractual and legal obligations. Corporations may also be incorporated without share capital, generally for not-for-profit purposes. One of the greatest features of setting up a corporation is that it has the ability to
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