A director is either an outsider or an insider. Knowing the difference between the two, choose the statement below that is FALSE:

A Scandinavian country that implemented a quota to increase gender diversity on boards is featured in “The Solution: Women at the Top” video. Canada has taken a different approach to gender diversity on boards.  Explain the approach in Canada, with reference to either the corporate legislation or exchange rules, and your opinion as to whether this approach is sufficient in the current environment. 

Choose the term which is CORRECTLY matched to its definition:

A board may establish a compensation committee. It is NOT one of the recommendations under the National Policy 58-201, that this committee:

The primary purpose of an external auditor is which of the following?

To qualify as a director, an individual must meet the requirements under the applicable corporate legislation, e.g. the Canada Business Corporations Act (CBCA). Which of the following is NOT one of the qualifications for director under the CBCA?

A shareholder may have some power to remove directors. It would be accurate to describe the action of removing directors by shareholders in Canada to be:

Directors of ABC Corp. are meeting to discuss a potential sale of the company. One of the directors shared the details of this discussion with his own accountant, who has a mergers and acquisitions practice. Explain the two legal duties that directors owe under corporate legislation in Canada and identify which of the two duties the director has breached in the scenario above. 

Having reviewed certain aspects of governance related law in Canada and in the United States, choose the statement below that is INCORRECT as it relates to the law in either Canada or the United States.

A corporate governance system that a company adopts is influenced by internal and external factors. It is TRUE that: