Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
Risky Business: The Board’s Role in Enterprise Risk Management
Chapter 2 of Davies Governance Insights 2020
The swift and varied responses to the COVID-19 pandemic are directly shaping how companies view and manage risk. One of the most significant and lasting corporate governance implications of COVID-19 will be its impacts on boards’ oversight role of issuers’ enterprise risk management (ERM) frameworks. ERM is the process of planning and controlling the activities of an organization with a view to protecting and enhancing stakeholder value by managing the uncertainties around the achievement of organizational objectives. As the COVID-19 dust settles, directors are likely to find themselves exposed to greater scrutiny and accountability for ERM from regulators and stakeholders. In this chapter, taking lessons learned from the pandemic crisis, we review boards’ responsibility for overseeing ERM and discuss practical measures that boards can adopt to strengthen and improve their risk management oversight.
This chapter appears in the 2020 edition of Davies Governance Insights, our comprehensive annual report on the trends and issues most important to Canadian public companies.
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Governance Insights: 10 Trends that GCs and Boards Need to Know
Jan. 24, 2024 - The latest edition of Davies’ Governance Insights is now available. In this issue, we explore 10 important trends that will help general counsel and boards navigate the year ahead. In order to help you with your strategic and compliance planning, we discuss issues including the...