The duty of care requires that the directors and officers must exercise at least the level of care and diligence that a reasonable person would exercise in similar circumstances act honestly at all times, in good faith and in the best interests of the corporation, as opposed to their own personal interests. The duties and liabilities of directors and officers are prescribed under the Canada Business Corporations Act (CBCA), and other federal, and provincial or territorial statutes or court decisions. Corporations operating in sectors subject to ownership restrictions (such as airlines and telecommunications) or corporations in certain cultural sectors (such as book retailing, video or film distribution) must have a majority of resident Canadian directors. Directors are allowed, but not required unless by articles, to hold shares of a corporation where they are directors.Īt least 25 percent of the directors of a corporation must be resident Canadians. The number of directors is specified in the articles of incorporation, and there must be at least one director, elected at the shareholders' meeting by a majority of votes of shareholders. Directors are responsible for supervising the activities of the corporation and for making decisions regarding those activities, while officers are responsible for the day-to-day operation of the corporation. Box 1069, Doylestown, PA 18901Ī corporation is a new legal entity created when incorporating. Society of Saint John of The Hearts of Jesus and Maryġ00 Mechanics St. Enzybiotiques Canada Inc.ġ Elfreths Court, Unit #1150, Newton, PA 18940ġ0 Brist Road, Suite 103, Milford, PA 18337 HUB Parking Technology Canada LTÉEġ000 Cranberry Woods Drive, Cranberry Township, PA 16066ĭirectors in the province of PA Director Nameġ000 Lisa Court, Conshohocken, PA 19428-2637ġ00 Bayer Road, C/O Bayer Corp., Pittsburgh, PA 15205Ĭanadian Association of Recycling Industries - Association Canadienne Des Industries Du RecyclageĮnzybiotics Canada Inc. Directors in the same postal code Director Nameġ000 Westinghouse Drive, Cranberry Township, PA 16066ġ01 Clearbrook Dr., Cranberry Twp, PA 16066
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