A corporation’s directors typically don’t plan for insolvency until it’s too late, such that  they seek advice from lawyers or a Licensed Insolvency Trustee  well after any problems arise. By then it may be too late to take steps to minimize the damage to the corporation and to the directors themselves. From the perspective of a Licensed Insolvency Trustee to directors, this on-demand program explores directors’ responsibilities before, during, and after a corporate insolvency filing. It also addresses the personal benefits and risks of a formal corporate insolvency filing and the potential exposure they may have as a director of an insolvent corporation.

This on-demand program was originally presented as an in-person program on January 26, 2023. The total running time is approximately 51 minutes.

You may also be interested in other presentations from Directors and Officers: Duties, Liabilities, Coverages . Click here for the full list of presentations.

Chair

Robert Stack, Wilson Laycraft 

Presenter

Charla Smith, Charla Smith & Company Ltd.