As we previously noted, many of our readers will be interested in following the new series of posts on directors' duties on our Canadian M&A Law blog. The second installment in the series, by Tania Djerrahian and Vanessa Coiteux, discusses some of the key issues that directors need to focus on in the rapidly developing area of cybersecurity. Among other things, the post considers cybersecurity concerns that have been expressed by securities regulators and proxy firms and provides some tips on how to respond to them with an effective cybersecurity strategy.
The first post in the series provided a refresher on six basic concepts that every board member should be aware of: the duty to manage, the fiduciary duty, the duty of care, the business judgment rule, conflict of interest and oppression. Future posts in the series, to be published over the coming months, will examine other specific issues of ongoing concern to members of Canadian corporate boards.
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