Federal corporations act more modern than Ontario act. Bill Northcote shares his thoughts

Federal corporations act more modern than Ontario act. Bill Northcote shares his thoughts

November 7, 2014

Shibley Righton's Bill Northcote says the new rules are more modern, enhance the rights of members, and reflect the realities of being a director or member of an NFP or charitable organization. “There are significantly enhanced rights of members, for example, if a company engages in an act that is oppressive or unfairly prejudicial or unfairly disregards the interests of members and creditors then those people can go to court and get all kinds of orders to remedy that situation.” - See the complete story here