Bernard Pinsky speaks on the TSX’s new rules against “zombie directors”

Firm News

On August 22, Bernard Pinsky was featured in “TSX makes majority voting mandatory,” a Lawyers Weekly article about new rules against “zombie directors” of publicly traded companies. A zombie director is a person who does not have the confidence of a company’s investors, but remains on the board nonetheless. The new rules will “give more power to shareholders,” explains Pinsky, “moving towards more accountability.” On May 2, Bernard was also featured in another Lawyers Weekly article, “Traditional viewpoint appears to be in flux,” and commented on how, when it comes to negotiating in good faith, Canadian courts may start moving towards the position taken by U.S. courts in cases that required good faith negotiations.