There has never been a more exciting, or challenging, time to be a director of a corporation. Expectations are high, the operating environment is constantly changing and directors' actions (and inaction) are subject to regulation, observation, and comment from various interested constituencies. Colossal failures have resulted in greater scrutiny that has led to increased accountability and a heightened focus on corporate leadership and transparency in decision-making and financial-reporting processes. Complex and demanding stakeholder expectations apply to directors, officers, and their advisers.

Directors' Duties in Canada provides guidance to directors, and those who advise them, about these expectations and the requirements and best practices that will help directors meet them. The book provides information and techniques that these people can use to protect themselves from potential liability and reputational damage.

• Special Purpose Committees: The role of specialized Board committees is increasingly important in the current environment
• Risk Management: Enterprise risk management has become a priority item for Boards' agendas
• Crown Corporations: Boards of Crown Corporations face a unique set of stakeholder expectations and operating challenges
• Corporate Responsibility: The expanding importance of non-traditional, non-economic business objectives complicates the Board's processes
• New Corporate Governance Rules/Guidelines: From executive compensation disclosure to a principles-based approach to governance, the rules have changed

PLUS significant new material on the use of committees, internal investigations, mutual fund governance, and indemnities and insurance, as well as recent legislative and judicial developments, including the Supreme Court of Canada decision in the BCE case.